Watch List notes:

KINGS of PARTHIA. Phraates III. Circa 70/69-58/7 BC. AR Drachm (20.5mm, 4.13 g, 12h). Artemita mint. Struck circa 62/1-58/7 BC. Diademed and draped bust left; torque ending in sea-horse / Archer (Arsakes I) seated right on throne, holding bow; monogram below bow. Cf. Sellwood 38.13; cf. Sunrise 338; cf. Shore 176 (all refs for type). EF, slight double strike on reverse.

From the Parthicus Collection. Ex Classical Numismatic Group 53 (15 March 2000), lot 744.