Watch List notes:

Thessaly. Pharcadon. c. 460-430 BC. Obol, 0.61g (11h). Obv: Horse pacing right. Rx: Φ[A]-P-KAΔO Athena standing right, spear and shield leaning on her left side, her right hand resting on hip; all in shallow incuse square. BMC, p. 42, 6, pl. IX, 4. Unusually high quality for this issue. EF

Ex Triton XV, 3 January 2012, lot 606