Watch List notes:

Mithradates II (123-88), Drachm, Rhagae, c. 123-88 BC; AR (g 4,05; mm 22; h 12); Bearded bust l., wearing tiara decorated with pellets and eight pointed star, earrings and pellet ended torque; behind, monogram, Rv. ΒΑΣ - ΙΛΕΩΣ / ΒΑΣΙΛΕΩN / ΜΕΓΑΛΟY / ΑΡΣΑΚΟY / ΕΠIΦΑNOYΣ, king enthroned r., holding bow. Sellwood 28.7 var (torque).
Rare variant. Cabinet tone, about extremely fine - extremely fine.