Watch List notes:

IONIA, Uncertain. Circa 600-550 BC. EL Hemihekte – Twelfth Stater (8mm, 1.12 g). Lydo-Milesian standard. Dolphin left; ornaments (or letters?) around / Incuse square with central pellet and equally raised portions on each side. Hauck & Aufhäuser 18, lot 184 (same rev. punch), otherwise unpublished. Good VF. Extremely rare, apparently the second known.