Watch List notes:

Thrace, Ainos Æ23. Circa 200-100 BC. Diademed head of Poseidon right; monogram below / AINIΩN, Hermes standing left, holding caduceus and purse; at feet on either side, a goat or ram(?). BMC 44; SNG Copenhagen 423-5 var. (rev.). 6.42g, 23mm, 6h.

Very Fine.

Ex private German collection;
Ex Roma Numismatics Ltd., E-Live Auction 4, 29 November 2018, lot 228.