Watch List notes:

THRACE, Chersonesos. Circa 386-338 BC. AR Hemidrachm (12mm, 2.39 g). Forepart of lion right, head reverted / Quadripartite incuse square with alternating raised and sunken quarters; AΓ monogram and pellet in one sunken quarter, race torch in the other. McClean 4092; SNG Copenhagen –; Weber 2407. Good VF, test cut on edge, struck on a compact flan.