Watch List notes:

CIMMERIAN BOSPOROS. Pantikapaion. Circa 370-355 BC. Hemidrachm (Silver, 14 mm, 2.62 g, 6 h). Head of a bearded satyr facing, turned very slightly to the left, with animal ears and wearing an ivy wreath. Rev. ΠΑΝΤΙ Lion attacking a stag to right. HGC 7, 65. MacDonald 42. Attractively toned and with a spectacular portrait of a satyr, who was a thoughtful companion of Dionysos, rather than just a wild creature of the forests. Minor marks on the reverse, otherwise, extremely fine.


The astounding quality of this rare coin implies that it was minted for a special occasion, or perhaps just as a donative to be used by whoever financed the issue.