Watch List notes:

ARABIA, Northwestern. Lihyan. 2nd–1st centuries BC. AR Drachm (14mm, 3.27 g, 9h). Imitating Athens. Helmeted head of Athena right, with frontal eye; monogram on cheek / Owl standing right, head facing; olive sprig and crescent to left; all within incuse square. CNG 109, lot 364; Leu Numismatik AG Web Auction 7, lot 556; Savoca London Auction 1, lot 118; cf. Huth 39 for same style (idiosyncratic to this mint); otherwise unpublished in the standard references. Darkly toned, soft strike on obverse (typical for later issues of Lihyan). VF. Extremely rare.