Watch List notes:

ARKADIA, Arkadian League. Circa 175-168 BC. AR Triobol – Hemidrachm (15mm, 2.50 g, 8h). Megalopolis mint. Laureate head of Zeus left / Pan seated left on rock, raising hand and holding logobolon; above knee, eagle left; League monogram to left; to right, Δ above Λ. BCD Peloponnesos (Megalopolis) 1545; HGC 5, 932. VF, toned, rough surfaces, struck from worn dies.

From the Johnson Family Collection. Ex Leo Young CSNA Auction (21 April 1956), lot 1662.