Watch List notes:

ARKADIA, Arkadian League. Circa 195-188 BC. AR Triobol – Hemidrachm (16.5mm, 2.69 g, 6h). Megalopolis mint. Laureate head of Zeus left; I to right / Pan seated left on rock, raising hand and holding lagobolon; Arkadian League monogram to left, I to right. BCD Peloponnesos 1522–3; HGC 5, 929. Lightly toned. VF.

Ex Kovacs XIV (16 October 1998), lot 43.