Watch List notes:

Macedon, Thessalonica Æ15. Pseudo-autonomous issue, reign of Commodus, AD 177-192. Pan advancing right, carrying pedum over shoulder and nebris; syrinx to left, crescent and star to right / ΘЄССΑΛΟΝΙΚЄΩΝ in five lines within wreath. RPC IV Online 3485 (temporary); SNG ANS 811 var. (Pan left). 2.48g, 15mm, 6h.

Very Fine. Rare; RPC cites only two examples.

From a private German collection.