Watch List notes:

Skythia, Olbia Æ26. Circa 330-320 BC. Head of bearded river god Borythenes left / ΟΛΒΙΟ to right of axe-sceptre and bow in gorytos; B to left. SNG Moskau, SHM 929-8; SNG BM Black Sea 451-2; HGC 3.2, 1887. 12.99g, 26mm, 9h.

Very Fine.

From the William Stancomb Collection;
Ex Gorny & Mosch Giessener Münzhandlung, Auction 225, 14 October 2014, lot 1255.