Watch List notes:

INDIA, Post-Mauryan (Panchala). Panchalas of Adhichhatra. Varunamitra, circa 50-20 BC. 1/2 Karshapana (Bronze, 12 mm, 1.42 g). Three standards on top of platform. Rev. VARUNAMITRA(SA) (in Brahmi); above, three Panchala dynastic symbols. K. M. Shrimali, History of Pancala, Vol. II, p. 93. Extremely rare, Shrimali had no image to illustrate in his catalogue. Good very fine.