Watch List notes:

CARTHAGE, Second Punic War. Circa 203-201 BC. BI 1½ Shekels (23.5mm, 8.19 g, 12h). Carthage mint. Wreathed head of Tanit left / Horse standing right, head left; pellet between hind legs. CNP 103c; MAA 81c; SNG Copenhagen 396. Dark brown surfaces, deposits on obverse, small flan flaw on reverse. Good VF.

From the MWF Collection. Ex Lawrence Cutler Collection (Numismatic Fine Arts [XXIV], 18 October 1990), lot 136.