Watch List notes:

Nezak and Western Turks, Uncertain (Yabghus of Tokharistan?) AR Drachm. BHL (Balkh), frozen date RY 11 = AD 591. Imitating a Balkh mint drachm of Hormizd IV, circa 7th century. Crowned Sasanian style bust to right; c/m: Senmurv to left in incuse / Fire altar flanked by attendants; star and crescent flanking flames; c/m: Bactrian ΦPOPO (Phroro) in outer margin. Göbl -; D. Schnädelbach, "A Group of Countermarked Imitative Drachms of Hormizd IV", ONS Newsletter 169 (Autumn 2001), p. 3; cf. for c/m. Göbl, Dok. KM -, 59 var. 3.40g, 32mm, 2h.

Good Fine; with flat striking. Rare.

Ex Roma Numismatics Ltd., E-Sale 78, 17 December 2020, lot 741.