Watch List notes:

PAPHLAGONIA, Sinope. Circa 425-410 BC. AR Drachm (16mm, 5.98 g). Head of sea-eagle left; below, dolphin left / Quadripartite incuse square with two opposing quarters filled, Θ within one unfilled quarter. RG –; HGC 7, 388 var. (pellet in quarters, Θ not listed). Toned, trace deposits, test cut on obverse. VF.

From the Sigmund Collection.