Watch List notes:

KINGS of PARTHIA. Phraatakes. Circa 2 BC-AD 4/5. AR Drachm (14mm, 3.94 g, 12h). Ekbatana mint. Diademed bust of Phraatakes left;Nikai flying right and left, each crowning him / Archer (Arsakes I) seated right on throne, holding bow; monogram below bow. Sellwood 57.13; Sunrise 402; Shore 322. Iridescent toning, minor deposit in one Nike . EF.

From the Jack A. Frazer Collection. Ex Davisson's 6 (29 February 1996), lot 139.