Watch List notes:

IONIA, Ephesos. Phanes. Circa 625-600 BC. EL Hemihekte – Twelfth Stater (7mm, 1.05 g). Forepart of stag right, head left / Incuse square punch with raised lines within. Weidauer 36-7; Head p. 15, 5 = Traité pl. II, 20; Boston MFA 1816 = Warren 1731. VF.