Watch List notes:

BAKTRIA, Greco-Baktrian Kingdom. Demetrios I, circa 200-185 BC. Obol (Silver, 12 mm, 0.90 g, 3 h), Panjhir, probably imitative. Diademed and draped bust of Demetrios I to right, wearing elephant's skin headdress. Rev. ΒΑΣΙΛΕΩΣ ΔΗΜΗΤΡΙΟΥ Herakles, nude, standing facing, crowning himself with wreath held in right hand, holding club and lion's skin in left; to left, monogram of PKA. Cf. Bopearachchi 3B. Cf. HGC 12, 65. Cf. SNG ANS 193-8. Toned. Nearly very fine.

From the Trausnitz Collection, ex Künker 89, 8 March 2004, 1538.