Watch List notes:

JUDAEA, Caesarea Panias. Julia Maesa. Augusta, 218-224/5 CE. Æ (28mm, 15.86 g, 7h). Dated CY 223 (221 CE). IOYΛIA MЄ CA AVΓ, draped bust right, wearing stephane / KAIC ΠA CЄI ACVP, Pan standing facing, leaning against tree trunk, playing syrinx; vexilla to either side; C K Γ (date) across field. Meshorer, Caesarea 46 (same dies); RPC VI Online –; Rosenberger –; SNG ANS –; Sofaer – (but cf. 40 for same rev. die). Attractive brown surfaces. Near EF. Extremely rare, none in CoinArchives.

From the Dr. Jay M. Galst Collection, purchased from Herb Kreindler. Ex Sternberg XXV (25 November 1991), lot 385 (illustrated on front cover).

This type likely depicts a cult statue from the Paneion, a sacred grotto dedicated to Pan (Pliny, NH. 5.71.74).