Watch List notes:

Skythia, Olbia Æ23. Circa 320-310 BC. Horned and bearded head of river god Borysthenes left / Axe and bow in gorytos, ΟΛΒΙΟ upwards to right, ΦΙ downwards to left. SNG Stancomb 372 (this coin); SNG Moskau 1024-46; SNG BM Black Sea 470; Frolova/Abramzon 814; HGC 3.2, 1887. 9.18g, 23mm, 12h.

Good Very Fine; flan crack.

From the William Stancomb Collection; this coin published in Sylloge Nummorum Graecorum, Great Britain, Volume XI, The William Stancomb Collection of Coins of the Black Sea Region (Oxford, 2000);
Acquired from Spink & Son Ltd in 1984.