Watch List notes:

Thessaly, Pharkadon AR Obol. Circa 420-400 BC. Horse trotting to right / Athena standing to right, placing right hand on hip, holding spear in left; shield leaning against her; ΦA–P–KAΔO (partially retrograde); all within shallow incuse square. BCD Thessaly II 619.2; HGC 4, 300. 0.76g, 13mm, 12h.

Near Very Fine. Rare.

From a private German collection;
Ex Roma Numismatics Ltd., E-Sale 35, 3 May 2017, lot 123.