Watch List notes:

Sasanian Kingdom. Kavad I. First reign, A.D. 484. AR drachm (30 mm, 4.13 g, 3 h). AW (Ohrmazd-Ardaxsir). Bust of Kavad I right, wearing mural crown with frontal crescent and korymbos set on crescent, ribbons and crescents on shoulders; star behind crown / Fire altar with ribbons; flanked by two attendants; star and crescent flanking flames. Göbl type I/1. Well centered on a broad flan. Choice extremely fine.

Estimate: $150