Watch List notes:

Sasanian Kingdom. Kavad I. Silver Drachm (4.08 g), second reign, AD 488-496. GW (Gurgan), RY 39 (AD 526). Bust of Kavad I right, wearing mural crown with frontal crescent, two ribbons, and korymbos set on crescent, ribbons and crescents on shoulders; stars flanking head. Reverse: Fire altar with ribbons; flanked by two attendants; star and crescent flanking flames. SNS type Ic/1a; Göbl type III/1; Saeedi -. Lightly toned. Choice Very Fine. Estimated Value $75 - 100
Ex CNG 88 (14 September 2011), 655.