Watch List notes:

THESSALY, Pharkadon. Late 5th-early 4th centuries BC. AR Obol (12mm, 0.61 g, 11h). Horse advancing right / Athena, wearing aegis with snakes, standing right in long robes and crested helmet; spear and shield leaning on her left side, her right hand on her waist; all in shallow incuse square. BCD Thessaly II 606 (this coin); HGC 4, 297. Near VF, toned. Rare variety with a clear and well-struck reverse.

Ex BCD Collection (Triton XV, 3 January 2012), lot 606.