Watch List notes:

INDO-SKYTHIANS. Azes. Circa 58-12 BC. AR Drachm (16.5mm, 2.07 g, 12h). BAΣIΛEΩΣ BAΣIΛEΩN MEΓAΛOY AZOY, king on horseback right, holding whip / maharajasa rajarajasa mahatasa ayasa in Karosthi, Athena standing right, extending right hand and holding spear and shield in left; shu in Karosthi to left, monogram to right. Senior 94(b).5D = R. Senior, "An enigmatic Indo-Scythic coin," in ONS Newsletter 170 (Autumn 1996), p. 12-13. Good VF, toned, some porosity. Extremely rare – only one known to Senior.

Ex Elwood Rafn Collection (CNG Inventory 997350 [February 2015]).