Watch List notes:

THESSALY, Pharsalos. Mid-late 5th century BC. AR Hemidrachm (14mm, 2.89 g, 2h). Helmeted head of Athena right / Φ-A-P-Σ (partially retrograde), head of horse right within incuse square. BCD Thessaly I –; cf. BCD Thessaly II 663.2 (same obv. die); HGC 4, 632. VF, toned, minor porosity.

From the BCD Collection. Ex Sotheby's (21 November 1985), lot 89 (part).