Watch List notes:

SASANIAN KINGS. Kavād (Kavādh) I. Second reign, AD 488-497. AR Drachm (29mm, 4.08 g, 3h). GW (Gurgan) mint. Dated RY 39 (AD 526). 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; RY date on left, mint signature on right. SNS type Ic/1a; SC Tehran 474 var. (RY date); Göbl type III/1; Saeedi –. Good VF, areas of light toning, reverse double struck.

Ex Classical Numismatic Group 88 (14 September 2011), lot 655.