Watch List notes:

Kimmerian Bosporos, Phanagoria Æ 12mm. Circa 140-108 BC. Ivy-wreathed and bearded head of Satyr to right / Bow and arrow; ΦΑ below. MacDonald 157; SNG BM Black Sea 993-4; HGC 7, 173; for undertype, HGC 7, 141 (Pantikapaion). 1.92g, 12mm, 6h.

Very Fine; overstruck on a Æ of Pantikapaion.

From the collection of GK.