Watch List notes:

Skythia, Olbia Æ22. Circa 300-250 BC. Horned and bearded head of river god Borysthenes left / Axe and bow in gorytos, ΟΛΒΙΟ upwards to right, BOΣ to left. SNG Stancomb 394 (this coin); SNG BM Black Sea 512; SNG Moskau 1279-91; cf. HGC 3.2, 1887. 8.19g, 21mm, 12h.

Very Fine.

From the William Stancomb Collection;
Acquired from 'Kovak', 1954.