Watch List notes:

KINGS of ARMENIA. Tigranes IV, with Augustus. Second reign, circa 2 BC-AD 1. Æ 8 Chalkoi (24mm, 14.42 g, 12h). Artaxata mint. [BACIΛЄYC M]ЄΓAC NЄOC TIΓPANHC, draped bust of Tigranes right, wearing tiara / [KAICAP ΘЄ]OC ΘЄ[OY YIOC CЄBACTOC], bare head of Augustus left. Kovacs 178; Kovacs, Armenia II 3; CAA 167; AC 184 (this coin illustrated); RPC I 3841 (Tigranes III or Tigranes V). Earthen dark green patina. Fine. Rare.

From the Dr. Jay M. Galst Collection. Ex Araratian Collection (Classical Numismatic Group 36, 5 December 1995), lot 634.