Watch List notes:

Kings of Bactria, Demetrius I circa 200 – 185 BC. Tetradrachm, Panijhir (?) circa 200-190, AR 16.91 g. Draped bust r., wearing elephant headdress. Rev. ΒΑΣΙΛΕΩΣ - ΔΗΜΗΤΡΙΟΥ Heracles standing facing, crowning himself with r. hand and holding club and lion's skin in l.; in lower inner l. field, monogram. MIG 103d var. Bopearachchi Série 1D, 2-3. SNG ANS 188.
Rare. A spectacular portrait struck on a very large flan,
old cabinet tone and extremely fine

Ex NFA sale XXII, 1989, 358. From the Harald Salvesen collection.