306, Lot: 164. Estimate $100. Sold for $60. This amount does not include the buyer’s fee.

ASIA MINOR. 5th century BC. AR Tetartemorion (6mm, 0.17 g). Horse’s head left / Quadripartite incuse square. Cf. Tzamalis 92 (cruder style; Thraco-Macedonian mint); Klein -; Traité -; cf. SNG Kayhan 745 (rough incuse; mint in Ionia or Caria); CNG E288, lot 257. VF, toned, porous.

While such coins are generally assigned to an uncertain Thraco-Macedonian mint, the style of the current coin is more refined than any of the horse types in Tzamalis. “Horse/incuse” types were almost certainly minted at multiple locations, and a mint in (western?) Asia Minor would seem logical based on provenances.