Watch List notes:

EASTERN EUROPE, Imitations of Philip II of Macedon. 3rd century BC. AR Tetradrachm (23mm, 13.55 g, 7h). Honter (Hunter) type. Mint in southwest Slovakia. Laureate head of Zeus right / Horseman riding left; pseudo-legend around; c/m: pellet in linear square within incuse square on horse's neck. OTA 378–9; Flesche –; KMW 1300–19; cf. Lanz 687–9. VF, toned, test cut on reverse. Attractive obverse style.

Ex Rauch (15 April 2011), lot 9.