Watch List notes:

Trajan Æ 36mm of the Koinon of Armenia. Nicopolis ad Lycum, dated RY 17 and CY 43 = AD 113/4. ΑΥΤ ΚΑΙϹ ΝЄΡ ΤΡΑΙΑΝΟϹ ϹЄΒ ΓЄΡΜ ΔΑΚ ΤΟ ΖΙ, laureate bust to right, slight drapery on far shoulder / ΚΟΙΝΟΝ ΑΡΜЄΝΙΑϹ ЄΤΟΥ ΜΓ, Armenia seated to left on pile of shields, resting head on hand in attitude of mourning; before, trophy with round shield at base. RPC III 2944; Kovacs 302; RG 8; SNG von Aulock 146. 29.64g, 36mm, 11h.

Extremely Fine; among the finest known examples. Very Rare.

From the inventory of a UK dealer.