Watch List notes:

PHOENICIA, Arados. Circa 138/7-44/3 BC. AR Tetradrachm (28mm, 15.06 g, 12h). Dated CY 164 (96/95 BC). Veiled, draped, and turreted bust of Tyche right / Nike standing left, holding aphlaston and palm; ΔΞP (date), Phoenician B and ΘC; all within wreath. Duyrat 3249-61; HGC 10, 72; DCA 772. Toned, light scratches. VF.

Ex Demetrios Armounta Collection (Classical Numismatic Group 318, 15 January 2014), lot 296.