Watch List notes:

IONIA, Ephesos. Phanes. Circa 625-600 BC. EL Myshemihekte – Twenty-fourth Stater (6.3mm, 0.57 g). Forepart of stag left, head reverted; three pellets to left / Incuse square punch with raised lines within. Triton XI, lot 233; Triton X, lot 287; Triton VIII, lot 405; CNG 69, lot 390; otherwise unpublished. Good VF. Extremely rare variety with pellets on obverse.