Watch List notes:

ANCIENT COINS. GREEK COINS. Sicily, Naxos (c.461-430 B.C.), Silver Drachm, 3.70g, 4h.Struck c.450 B.C.Head of Dionysos facing right, wearing an ivy-wreath. Rev. [N]-AXI-[ON], naked and bearded Silenos squatting, facing, inclined slightly to left, and turning is head towards the drinking-vessel which he holds in his right hand, meanwhile he is supporting himself by his left hand resting on the ground, his animal tail curls behind him and beneath him to the left (Cahn 56 (V41/R47); SNG Lloyd 1152; Jameson 676; BMC 9).Superb Classical style, the usual die-flaw on the obverse, toned, about very fine.Rare.
Ex Auctiones AG, Basel 25, 1995, lot 154

Estimate: US$ 1,250