Watch List notes:

Ptolemaic Kingdom. Ptolemy I as Satrap. 323-305 BC. Tetradrachm, 17.08g (12h). Alexandria, c. 316-312/0 BC. Obv: Diademed head of Alexander right, wearing elephant-skin headdress. Border of dots. Rx: ΑΛΕΣΑΝΔΡΟΥ Athena Alkidemos advancing right, AΠ monogram in inner left field, letters EY and small eagle [on thunderbolt] in right field. Svoronos 44, pl. II, 23 (same dies). Zervos issue 20A (dies 299/a). Very rare second elephant issue of Ptolemy I which is of Attic weight. These coins were called in and reissued at the much lighter Rhodian standard. Toned EF

Ex CNG 88, 14 September 2011, lot 532

The elephant headskin portraits of Alexander are the first unmistakable coin portraits of the (deceased) ruler. They were imitated by both Agathocles of Syracuse (a rare issue of gold staters) and Agathocles of Bactria (commemorative tetradrachms)