Watch List notes:

EASTERN EUROPE, Imitations of Alexander III of Macedon. 3rd century BC. AR Drachm (18mm, 4.23 g, 12h). Imitating Magnesia mint issue. Head of Herakles right, wearing lion skin / Zeus Aëtophoros seated left; in left field, ΠA monogram above ΠA. For prototype, cf. Price 2044 corr. (denomination is drachm) and 2045. Good VF, toned. High quality imitation.

From the Belgica Collection. Ex Lanz 151 (30 June 2011), lot 47 (listing a further pedigree to the "Mathey Collection, 1937", but cannot be confirmed).