Watch List notes:

KINGS of THRACE, Macedonian. Lysimachos. 305-281 BC. AR Drachm (18mm, 4.06 g, 11h). Ephesos mint. Struck circa 294-287 BC. Diademed head of the deified Alexander right, with horn of Ammon / Athena Nikephoros seated left, left arm resting on shield, transverse spear in background; to inner left, bee left, flanked by E Φ. Thompson 168; Müller 421; HGC 3, 1753d. Toned, traces of find patina, light roughness, a few marks. VF.

From the Demeter Collection. Ex Classical Numismatic Group 47 (16 September 1998), lot 292.