Watch List notes:

SASANIAN KINGS. Vahrām (Bahram) V. AD 420-438. AR Drachm. GW (Gurgān) mint. Bust right, wearing mural crown with korymbos set on crescent, and ribbons / Fire altar with ribbons; flanked by two attendants; mint signature and crescent flanking flames; traces of l'st in Pahlavi on altar shaft. SNS type Ib2/1, var. 1; Sunrise –. In NGC encapsulation 5872786-260, graded MS.

Ex Heritage 232203 (19 January 2022), lot 63192.