Watch List notes:

SICILY, Syracuse. Second Democracy. 466-405 BC. Æ Hemilitron (16mm, 4.18 g, 7h). Struck circa 405 BC. Head of Arethousa left, hair in sphendone; grain ear to right / Wheel of four spokes; retrograde ethnic in upper quarters, dolphins in lower quarters. Holloway, Further, Series 3; CNS 21 var. (ethnic not retorgrade); HGC 2, 1479. Glossy dark brown patina. EF. Very rare variety.

From the Jack A. Frazer Collection. Ex Triton III (30 November 1999), lot 292.