Watch List notes:

INDO-PARTHIANS, Aria or Margiana. Tanlis Mardates. Mid-late 1st century BC. AR Drachm (20mm, 3.84 g, 1h). Countermarked drachm of Phraates III (Sellwood type 39). Diademed bust left; wearing tiara decorated with horn and stags; c/m: head left, TAИ ΛHC around; all within incuse / Archer (Arsakes I) seated right on throne, holding bow. Senior 195.5D; HGC 12 –. Host coin and countermark Fine, areas of toning, eye and diadem band on host portrait lightly enhanced, a few scratches.