Watch List notes:

Caracalla Æ22 of Pheneus, Arcadia. AD 198-217. M AVP ANT[Ѡ]NINOC, laureate head right / ΦЄNЄATѠN, bearded satyr (Marsyas?) standing right, with right hand raised and left outstretched. BCD Peloponnesos I 1638; BMC -; SNG Copenhagen -; CNG MB 81, 2909; CNG e 230, 202. 4.27g, 22mm, 4h.

Very Fine; an attractive example of the type. Very Rare; only two other examples on CoinArchives and seemingly the first to be offered at auction since 2010.