Watch List notes:

INDIA, Early northern trade coinage. Kashi culture. Varansi. Circa 460-400 BC. AR 22 Mashakas (29mm, 4.80 g). 4th series, circa 430-410 BC. Scyphate flan with punchmarks: four complex arms around pellet-in-circle and numerous other punchmarks / Numerous punch marks. ATEC 2275-6. Lightly toned, traces of deposits, test cut on edge. VF.

From the Todd Hansen Collection. Ex Baldwin's 40 (3 May 2005), lot 612.