Watch List notes:

Kimmerian Bosporos, Pantikapaion AR Hemidrachm. Circa 200-150 BC. Laureate head of Apollo right / ΠΑΝ below facing lion's head with spear in mouth. MacDonald 131; SNG BM Black Sea 914; HGC 7, 90. 1.97g, 14mm, 12h.

Very Fine. Very Rare.

From the William Stancomb Collection;
Ex Gorny & Mosch Giessener Münzhandlung, Auction 156, 5 March 2007, lot 1167.