Watch List notes:

CIMMERIAN BOSPOROS. Pantikapaion. Circa 370-355 BC. Hemidrachm (Silver, 14.5 mm, 2.41 g, 9 h). Ivy-wreathed head of a youthful satyr facing, turned slightly to the left. Rev. ΠAN Facing lion's mask. Anokhin 1014. MacDonald 44. SNG BM Black Sea 865. A powerful, well-struck example. With crystalized surfaces, otherwise, nearly extremely fine.

From the Vineyard Collection, ex G. Hirsch Nachf. 204, 5-7 May 1999, 129.