Watch List notes:

ANCIENT COINS. GREEK COINS. Dynasts of Lycia, Kherei (c.440-410 B.C.), Silver Stater, 8.54g, 5h.Minted at Pinara.Head of Athena facing right, wearing a crested Attic helmet decorated with three olive-leaves and a palmette, and wearing an earring and a necklace, Lycian legend ('kherei') behind neck. Rev. Lycian legend ('kherei'), head of Kherei facing right, wearing a Persian headdress (Mørkholm & Zahle II -; SNG von Aulock – (see 4176 for half stater); NAC 25, 2003, 194 (these dies); NAC 27, 2004, lot 199 (these dies)).Well-struck from very good metal and of very attractive style, about extremely fine.A very rare issue, this coin being one of the finest known.
Ex Gorny & Mosch, Auction 125, Munich, 13 October 2003, lot 232

Estimate: US$ 8,000