Watch List notes:

PHOENICIA, Arados. Circa 138/7-44/3 BC. AR Tetradrachm (28mm, 15.03 g, 12h). Dated CY 163 (97/6 BC). Turreted, veiled, and draped bust of Tyche right / Nike standing left, holding aphlaston and palm frond; ΓΞP (date), Phoenician Q, and MC to left; all within wreath. Duyrat 3239–48 var. (unlisted obv. die); DCA 772; HGC 10, 72. Toned, some marks and large delamination on obverse. VF.

Ex Per Lundgren Collection (famed Norwegian numismatist and president of the Norwegian Numismatic Society) [possibly ex Oslo Mynthandel 41 (25 April 1998), lot 1129].