Watch List notes:

DYNASTS of LYCIA. Kherei. Circa 410-390 BC. AR Stater (18mm, 8.46 g, 10h). Telmessos mint. Helmeted head of Athena right; KH (in Lycian) behind and on neck guard / Bearded head of Herakles right, wearing lion skin; KHERẼI (in Lycian) before, [TEL]E[BE]HE (in Lycian) behind; all within incuse square. Mørkholm & Zahle II 53; Falghera –; SNG von Aulock 4198 (same dies, but not noting letter on neck guard); SNG Copenhagen Supp. 451 (same dies). Good VF, lightly toned, some edge splits and roughness. Rare and exceptional with both letters visible on obverse.