Watch List notes:

SASANIAN KINGS. Kavād (Kavādh) I. Second reign, AD 499-531. Æ Pashiz (13mm, 0.55 g, 5h). Uncertain mint and RY date. Bust right, wearing mural crown with frontal crescent, two ribbons, and korymbos set on crescent, ribbons and crescents on shoulders; stars flanking head; star-in-crescents in margin / Fire altar with ribbons; flanked by two attendants, star and crescent flanking flames. SNS type Ib/1a; cf. Sunrise 966 (obol; for type); cf. CNG 105, lot 562 (for type). VF, brown patina, minor roughness.