Watch List notes:

SASANIAN KINGDOM: Kavad I, 1st reign, 488-497, LOT of 5 silver drachms on the first reign of Kavad I (without crown ribbons, star to left of the crown), all undated, with the repeat of the royal name KWAT in place of a date: AS (the Treasury mint); GW (Jurjan); KL (Kirman); LD (Rayy); and mint partly obliterated by die damage (probably GW for Jurjan); all VF-EF or better; retail value $375, lot of 5 pieces.

Estimate: 200-260 USD