Watch List notes:

THESSALY. Pharkadon. Circa 440-400 BC. Obol (Silver, 11.5 mm, 0.87 g, 9 h). Horse walking to right; border of dots. Rev. ΦΑ - Ρ - ΚΑΔ (partially upside-down) Athena standing right, her spear over her left shoulder and her shield resting before her on the ground; all in a shallow incuse square. BCD Thessaly II, 619.2 (same reverse die). Jameson 1101 (this coin). Pleasantly centered and nicely toned. Reverse slightly rough, otherwise, about extremely fine.
From the "Collection sans Pareille" of Ancient Greek Fractions and the collections of L. Mildenberg, R. Jameson and H. C. Hoskier, Hirsch XX, 13 November 1907, 279.