Watch List notes:

KOLCHIS, Uncertain. 2nd century BC or later. AV Hemistater (15mm, 4.24 g, 12h). Imitating Alexander III type. Stylized head right; radiating lines around; c/m: ΔΛ within incuse circle / Stylized winged figure standing half-right; pellets flanking legs. Cf. Sergeev 598, otherwise unpublished in the standard references. VF, lightly toned, hairline flan crack, reverse off center. Extremely rare.