Watch List notes:

EASTERN EUROPE, Imitations of Philip II of Macedon. 2nd-1st centuries BC. AR Tetradrachm (22.5mm, 12.36 g, 12h). Velemer type. Mint in the region of Velem, Hungary. Celticized head of Zeus, diademed and beardless, right / Horseman, with flowing headdress, riding left. OTA 469/3; Flesche 527 (this coin); Lanz 744; CCCBM I –; KMW 1396. Deep old cabinet toning. Good VF. Much finer than any plated in Gӧbl or Lanz.

Ex Flesche Collection; Leu 79 (31 October 2000), lot 156.