Watch List notes:

KINGS of ELYMAIS. Phraates. Early-mid 2nd century AD. Æ Tetradrachm (28mm, 14.92 g, 6h). Diademed bust left, wearing tiara; to right, pellet-in-crescent above anchor with two crossbars / Diademed head left. Van't Haaff Type 14.8.1-1a (this coin); Alram –. VF, brown surfaces. Extremely rare type, one of only two known to van't Haaff, both of which are the only pieces in CoinArchives.

Ex Peus 374 (23 April 2003), lot 130.