Watch List notes:

PHOENICIA, Arados. Circa 172/1-111/0 BC. AR Drachm (17.5mm, 3.92 g, 12h). Dated CY 108 (152/1 BC). Bee; PH (date, in monogram form) to upper left, E-ΦΣ across field / Stag standing right; palm tree in background. Duyrat 2952–3; HGC 10, 63; DCA 774; BMC 165. Toned, traces of find patina, some roughness and die wear. VF. Extremely rare issue, only two noted by Duyrat (including the BM coin), none in CoinArchives.

From the collection of an English Queen's Counsel, purchased from B.A. Seaby Ltd. (their ticket included).