Watch List notes:

KINGS OF MACEDON. Philip III Arrhidaios, 323-317 BC. Tetradrachm (Silver, 26.5 mm, 17.16 g, 2 h), Babylon, c. 323-318/7. Head of Herakles to right, wearing lion's skin headdress. Rev. ΒΑΣΙΛΕΩΣ ΦΙΛΙΠΠΟΥ Zeus seated left on a throne with a back, holding long scepter in his left hand and, in his right, eagle standing right with closed wings; to left, M; below throne, double-ax monogram. Price P186. Struck in very high relief; lustrous and bright. Tiny Δ-graffito on the reverse, above Zeus's arm, otherwise, extremely fine.

From the Trausnitz Collection, ex Lanz 62, 26 November 1992, 214.