Watch List notes:

CIMMERIAN BOSPOROS. Pantikapaion. Circa 200-150 BC. Drachm (Silver, 15.5 mm, 2.88 g, 9 h). Laureate head of Apollo to right. Rev. ΠΑΝ Eagle standing right with out-stretched wings. MacDonald 128. SNG BM Black Sea 913. Darkly toned. Light porosity, otherwise, nearly very fine.

From the Trausnitz Collection, ex Gorny & Mosch 142, 10 October 2005, 1179.