Watch List notes:

KINGS of PARTHIA. Phraates III. Circa 70/69-58/7 BC. AR Drachm (22mm, 4.03 g, 12h). Areia mint. Struck circa 62/1-58/7 BC. Draped bust left, wearing tiara decorated with horn / Archer (Arsakes I) seated right on throne, holding bow; Λ below bow. Cf. Sellwood 39.13; Sunrise –; Shore –; PDC –; DSavid Sellwood Collection (Baldwin's 96), lot 3156 (3 examples listed). VF, toned. Extremely rare.

From the Parthicus Collection.