Watch List notes:

MACEDON. Phagres. Circa 400-350 BC. Chalkous (Bronze, 11.5 mm, 1.17 g, 5 h). Laureate head of Apollo to right. Rev. ΦA/ΓP Forepart of a lion to right. HGC 3.1 -. Liampi, Phagres 5 (O5/R-). An extremely rare coin from an extremely rare northern Greek mint. Some uncleaned deposits and cleaning marks, otherwise, good very fine.