Watch List notes:

Skythia, Olbia Æ 22mm. Circa 310-300 BC. Horned and bearded head of river god Borysthenes to left / Axe and bow in gorytos; ΟΛΒΙΟ to right, ΠO to left. Anokhin 316; Karyshkovskij p. 412, Таб. XIII=B, 1; Frolova & Abramzon 830–41; SNG BM Black Sea 474; SNG Stancomb 375; SNG Moskau 1058; HGC 3.2, 1887. 11.28g, 22mm, 12h.

Very Fine.

From the inventory of a North American dealer;
Ex Alex Shubs Collection, Classical Numismatic Group, Triton XVI, 8 January 2013, lot 46 (hammer: 220 USD).