Watch List notes:

CARIA. Kaunos. Circa 166-100 BC. Hemidrachm (Silver, 12.5 mm, 1.02 g, 12 h), struck under the magistrate Ktetos. Helmeted head of Athena right. Rev. K-(AY) / KT[H]-T[OY] Sword in sheath with strap; pilos to lower right. Cf. Karl 178 (magistrate). Cf. SNG Kayhan 800-1 (symbol). Cf. SNG Keckman 77-85 (magistrate). Porous, otherwise, very fine.
From the Trausnitz Collection, ex Jacquier FPL 22, Spring 1999, 138.