Watch List notes:

PHOENICIA, Arados. Circa 172/1-111/0 BC. AR Drachm (19mm, 4.15 g, 12h). Dated CY 89 (171/0 BC). Bee; ΠΘ monogram (date) to left, monogram to right / Stag standing right; palm tree in background. Duyrat 2591–632; HGC 10, 63; DCA 774. Lightly toned, underlying luster, some deposits on obverse. VF.

From the MWF Collection, purchased from David P. Herman, 23 September 1989.