Watch List notes:

Attica, Athens. Ca. 454-404 B.C. AR tetradrachm (23 mm, 17.20 g, 8 h). Helmeted head of Athena right, with frontal eye / ΑΘΕ, owl standing right, head facing; above and behind, olive sprig and crescent; all within incuse square. Kroll 8; SNG Copenhagen 31. Attractive and well centered. NGC AU, strike: 5/5, surface: 4/5, scuff.

The scuff noted on the NGC insert is at 3 o'clock on the reverse between the letters A and Θ.