Watch List notes:

Thessaly, Perrhaiboi AR Obol. Circa 450-400 BC. Horse trotting to left / Athena Itonia advancing right, holding spear and shield; Π-Ε-P-A around; all within incuse square. BCD Thessaly II 549; HGC 4, 152. 0.64g, 13mm, 2h.

Very Fine.

From a private German collection;
Ex Roma Numismatics Ltd., E-Sale 35, 3 May 2017, lot 121.