Watch List notes:

IONIA, Ephesos. Phanes. Circa 625-600 BC. EL Forty-eighth Stater (5mm, 0.32 g). Head of stag right; three pellets to left / Incuse square punch with raised lines within. Weidauer –; Linzalone 1107 (this coin); SNG von Aulock 7788 var. (no pellets); Zhuyuetang 10 var. (same); Triton IX, lot 923; CNG 81, lot 512. Good VF, minor die rust. Very rare.