Watch List notes:

Thessaly, Pharsalos AR Hemidrachm. Mid-late 5th century BC. Head of Athena to right, wearing crested Attic helmet with raised cheek guard / Head of horse to right; ΦAR before; all within incuse square. Lavva 41 (V24/R24); BCD Thessaly I 1282; BCD Thessaly II 646-7; HGC 4, 630. 2.81g, 15mm, 10h.

Very Fine.

From a private German collection;
Ex Roma Numismatics Ltd., E-Sale 35, 3 May 2017, lot 124.