Watch List notes:

Indo-Parthians, Margiana or Sogdiana(?) AR Drachm. Late 1st century BC-early 1st century AD. "Helmeted" Countermark issue imitating countermarked drachms of Phraates IV of Parthia. Diademed and draped bust to left; eagle to left, holding wreath behind; circular "countermark" of helmeted king to right on neck / Archer (Arsakes I) seated to right on throne, holding bow. Senior 199.2D; cf. Sellwood 91.13 for prototype; Sunrise 494; HGC 12, 520. 3.46g, 20mm, 12h.

Good Very Fine.