Watch List notes:

SASANIAN KINGS. Kavād (Kavādh) I. Second reign, AD 499-531. AR Drachm (29mm, 4.08 g, 3h). GW (Gurgān[?]) mint. Dated RY 39 (AD 526). Crowned bust right / Fire altar with ribbons and attendants; star and crescent flanking flames; RY date on left, mint signature on right. SNS type Ic/1a; Göbl type III/1. Good VF, toned.

Ex Classical Numismatic Group 88 (14 September 2011), lot 655.