Watch List notes:

MACEDON, Thessalonica. Pseudo-autonomous issue. temp. of Hadrian?, AD 117-138. Æ (15mm, 2.49 g, 7h). Pan standing left, raising hand and holding pedum; to left, retrograde C above Π / ΘЄC/ΛΛO/NIKЄ/ON in four lines within wreath . RPC III 628; Touratsoglou G.III/B, 1 (V1/R1). VF, green patina. Very rare.

From the Belgica Collection. Ex Pecunem 37 (1 November 2015), lot 93.