Watch List notes:

KINGS OF THRACE. Adaios, circa 275-225 BC. (Bronze, 15 mm, 3.30 g, 2 h). Head of Athena (or Ares?) to right, wearing Attic helmet; c/m; eight-rayed star within circular incuse. Rev. ΑΔΑΙΟΥ Thunderbolt; below, two monograms. HGC 3.1, -. SNG BM Black Sea -. SNG Stancomb -. Unpublished in the standard references. Reddish-brown patina. Very fine.
From the collection of a scholar.