Watch List notes:

INDO-PARTHIANS, Margiana or Sogdiana. Uncertain. Early-mid 1st century AD. AR Drachm (16.5mm, 3.86 g, 12h). Countermarked imitation of drachm of Vardanes I of Parthia. Diademed bust left; c/m: helmet in incuse circle / Archer seated right on throne, holding bow; A below bow. Senior 200.2-3D; Sellwood 91.14; HGC 12 –. Good VF, whisper of hard green on edge of obverse. Choice for issue.

From the Dr. Wilfried Pieper Collection.