Watch List notes:

THESSALY, Pherai. Circa 460-440 BC. AR Hemidrachm (14mm, 2.83 g, 3h). Hero (Thessalos?), petasos and cloak tied at neck, holding band around head of forepart of bull left / Φ-E-R-A (retrograde), forepart of bridled horse right within incuse square. BCD Thessaly I –; BCD Thessaly II 684 var. (arrangement of ethnic); HGC 4, 549. VF. Rare.

From the BCD Collection (purchased from Classical Numismatic Group, December 1996, for $300).