Watch List notes:

ARKADIA, Arkadian League. Megalopolis. Circa 175-168 BC. Triobol (Silver, 15 mm, 2.42 g, 3 h). Laureate head of Zeus to left. Rev. Pan seated left on rock, his right hand raised and holding lagobolon with his left; above knee, eagle; AP monogram on the left field; to right Δ above Λ. Agrinion 221-226 (this obverse die). BCD 1547.3 (this obverse die). Dengate IIB, 1, 2 (same dies). Lustrous and sharp. Good extremely fine.
From a European collection.