Watch List notes:

PHOENICIA, Arados. Circa 172/1-111/0 BC. AR Drachm (17.5mm, 4.16 g, 12h). Dated CY 104 (156/5 BC). Bee; [P]Δ (date) to upper left, monogram to upper right / Stag standing right; palm tree in background. Duyrat 2900–27; HGC 10, 63; DCA 774. EF, toned, off center on obverse.

Ex Mayflower Collection (Heritage 3020, 6 September 2012), lot 25446; Superior (6 December 1991), lot 502.