Pantikapaion, Thrace, AV stater. ca. 350-300 BC., 9.12g. 

Head of bearded satyr facing three-quarters left, with long 
dishevelled hair and pointed horse’s ear. 
Rev. P-A-N, winged griffin standing left, horned head facing, 
right forepaw raised, holding a spear in its jaws, 
large corn-ear below.

Anokhin 97; Gulbenkian 583-584; Jameson 2143.
Incredibly rare. Ex Bank Leu Ltd., Zurich, 1991.

With permission of Baldwin's, Dmitry Markov and Münzen & 
Medaillen, The New York Sale XXVII, Jan 2012.

Note added:
BEWARE OF FAKES BEING SOLD BY COUNTERFEITERS SINCE LATE
2011 !!!