Abstract
Some of the features of P. Fay. Coles I make it difficult to determine which kind of literary product it represents: most scholars consider the papyrus to be a copy of Euripides’ Cresphontes, but it has also been suggested that it could be the fragment of an anthology. In this paper I argue that the latter possibility deserves more attention: I try to show that scholars’ arguments against it are not valid and are still influenced by the old theories about the ancient gnomological tradition.