Watch List notes:

KOLCHIS, The Caucasus Area. Later 1st century BC/1st century AD. Stater (Gold, 18.5 mm, 6.93 g, 10 h), an imitation of a posthumous issue of Lysimachos from Byzantion, originally struck during the reign of Mithridates VI of Pontos. Stylized head of the deified Alexander the Great to right. Rev. Crude figure of Athena seated to left, holding a small standing male figure on her right hand and a transverse spear over her left shoulder; to left and right, vertical line of oblong pellets; below, serving as an exergual line, trident to left. N. Frolova, Caucasian Imitations of Alexander and Lysimachus' Golden Stater, Studies Touratsoglou, pp. 127-133, pl. II, 18. Very rare. A sharp, well centered and attractive (for what it is). Minor scratches, otherwise, nearly extremely fine.