Watch List notes:

Syracuse. Tetradrachm circa 460-440 BC, AR 17.25 g. Slow quadriga driven r. by charioteer, holding kentron and reins; above, Nike flying r., crowning horses. In exergue, sea monster r. Rev. Head of Arethusa r., hair bound with fillet, wearing earring and necklace with pendant. Rizzo pl. XXXVI, 16 (these deis). Boehringer 571. SNG Copenhagen 650 (this reverse die).
Lovely iridescent tone, struck on a narrow and ragged flan, otherwise extremely fine

Ex CNG sale 39, 1996, 294.