Watch List notes:

Cimmerian Bosporos, Tauric Chersonesos. Pantikapaion. Ca. 375-325 B.C. AR hemidrachm (2.63 g). Bearded head of Pan facing slightly to right / ΠANTI, lion crouching to right. MacDonald, Bosporus 41; SNG BM Black Sea 862; Anokhin 1011. NGC Choice XF, fine style. NGC Certified Ch XF. Rare.

Ex Gorny & Mosch.