Watch List notes:

ARKADIA, Arkadian League. Circa 175-168 BC. Triobol or Hemidrachm (Silver, 16 mm, 2.34 g, 9 h), Megalopolis. Laureate head of Zeus to left. Rev. Pan seated left on rock, his right hand raised and holding lagobolon in his left; to left above knee, eagle with spread wings standing left; to left, monogram of AP; to right, Δ above Λ. BCD Peloponnesos 1545. Dengate Group I, Period IIB, issue 3. HGC 5, 932. Very fine.