Watch List notes:

ANCIENT COINS, THE DAVID SELLWOOD COLLECTION OF PARTHIAN COINS (PART FOUR), Phraates III (70/69-58/7 BC), Countermarked local imitation Silver Drachm, minted in an uncertain eastern workshop circa mid to late 1st Century BC, long bearded bust left in diadem bound tiara, decorated with a horn on side and a row of recumbent stags around the crest, pellet ended spiral torque, rev archer enthroned right, monogram below bow, seven line inscription ΒΑΣΙΛΕΩΣ ΜΕΓΑΛΟY ΑΡΣΑΚΟY ΕΠIΦΑNOYΣ ΕYΕΡΓΕΤΟY ΘEΟΠΑΤΟΡΟΣ ΦΙΛΕΛΛΗΝΟΣ, countermark = beardless head left, around TANΛHC, 3.34g, 12h (S 91.8 var, imitating S39.3 Drachms from Rhagae). Very fine for issue, unique.
Consult the following works for further information on this coin: Senior R.C., A Catalogue of Indo-Scythian Coins. Vol. I: An Analysis of the Coinage. Butleigh, Glastonbury (2000), 106. Vol. II: Illustrated Catalogue. Butleigh, Glastonbury (2000), 147, No. 201.1D (this coin).

Estimate: £400-500