Watch List notes:

KINGS of PARTHIA. Phraates II. 132-126 BC. AR Drachm (21mm, 3.87 g, 12h). Nisa mint. Struck circa 128-127 BC. Diademed bust left; trace of NI down right / Archer (Arsakes I) seated right on omphalos, holding bow. Sellwood 16.6; Sunrise 271; Shore 46 (this coin). Iridescent toning, crystallized surfaces. Near EF. Struck on a broad flan.

From the Nisa Collection. Ex Fred B. Shore Collection (Classical Numismatic Group 36, 5 December 1995), lot 46.