Watch List notes:

Sicily, Syracuse Æ Tetras. Second Democracy, circa 425. Head of Arethusa right; [ΣYPA] before, dolphins flanking / Octopus; ••• (mark of value) around. SNG ANS 376-382; CNS 1; HGC 2, 1428; Holloway, Further Series 1, fig. 1. 3.98g, 15mm, 7h.

Very Fine.

From a private German collection, outside of Italy prior to December 1992.