Watch List notes:

CIMMERIAN BOSPOROS. Pantikapaion. Circa 325-310 BC. Drachm (Silver, 16 mm, 3.23 g, 8 h). Bearded head of Pan, with pointed goat's ears, to left, but turned three-quarters facing to front. Rev. ΠAN Bull's head to left, turned slightly to front. Anokhin 121. MacDonald 57. SNG BM Black Sea 880. SNG Copenhagen 21. SNG Stancomb 548. With a noble head of Pan and an attractive dark toning. With somewhat crystalized surfaces as usual, otherwise, about extremely fine.

From the Vineyard Collection, ex Spink 3014, 8 October 2003, 16.