Watch List notes:

MACEDON, Potidaia. Circa 525-500 BC. AR Obol (7mm, 0.48 g). Horse standing right; star below / Head of female right, with Archaic features, within incuse square. Alexander Period IA, –; HGC 3.1, –; CNG E-248, lot 45. VF, toned, granular surfaces. Very rare.

From the Belgica Collection, purchased from Martina Dieterle, Paris, October 2002.