Watch List notes:

GREEK COINS

Arkadia. Arkadian League. Megalopolis. Summer 363 - Spring 362 BC. Stater (Silver, 21 mm, 12.13 g, 9 h), signed on the reverse by the magistrate Oly(mpios). Laureate head of Zeus Lykaios to left. Rev. Youthful Pan, nude and with his head facing, seated to left on a rock that is covered by his mantle, holding a lagobolon in his right hand and resting his left elbow on the rock; to left, Arkadian League monogram; at the foot of the rock, syrinx and, in small letters, ΟΛY. BCD Peloponnesos 1512 (this coin). BMC 48 = Kraay/Hirmer 512 (same dies). D. Gerin, "Les statères de la ligue Arcadienne", SNR 65 (1986) p. 17, 22 (this coin). Jameson 1276 (same dies). Kunstfreund 203 (same dies). Very rare. Beautifully toned, of superb late Classical style, and struck in high relief. Extremely fine.

Ex Nomos 10, 18 May 2015, 44, from the Spina Collection, Nomos 7, 15 May 2013, 113 and from the BCD Collection, LHS 96, 8 May 2006, 1512, from a Peloponnesian Hoard found before 1937 (IGCH 60).
This is one of the great late Classical Greek rarities and is a real masterpiece of the die cutter's art. The head of Zeus is truly outstanding in the nobility of its conception, and the youthful Pan is also exceptional: he is paralleled by youthful gods on contemporary issues from elsewhere in the Peloponnesos (as Pheneos and Stymphalos for example).