CNG 112, Lot: 225. Estimate $1500. Sold for $900. This amount does not include the buyer’s fee.

PAPHLAGONIA, Sinope. Circa 425-410 BC. AR Drachm (18mm, 6.10 g). Aeginetic standard. Head of sea-eagle left; below, dolphin left / Quadripartite incuse square with two opposing quarters filled, Λ within one unfilled quarter. RG2 10a; HGC 7, 388 corr. (pellets not always present); SNG von Aulock 6835–7 var. (letter); Hess-Leu 45, lot 235 (same rev. die). Deeply toned, small scuff and light marks on reverse. EF. High relief. Very rare with this letter on reverse, only two in CoinArchives.

From the Matthew Curtis Collection. Ex Pegasi BBS 107 (11 May 1998), lot 86.