Watch List notes:

Lykian League, Kragos AR Hemidrachm. 44-18 BC. Laureate head of Apollo to right; Λ-Y behind and before / Kithara, ear of grain to left, KP upwards to right; all within shallow incuse square. Troxell, Period IV, 106 var. (arrangement of obv. letters); Müseler -; Roma 93, 513 (hammer: £340). 1.63g, 16mm, 11h.

Extremely Fine. Extremely Rare variant with KP upwards to right instead of across fields.

From the inventory of a German dealer.