Watch List notes:

IONIA, Ephesos. Circa 390-325 BC. AR Tetradrachm (23mm, 14.93 g, 12h). Theodoros, magistrate. Struck circa 360-350 BC. Bee with straight wings / Forepart of stag right, head reverted; palm tree to left, ΘEOΔΩPO[Σ ]to right. Pixodarus class F, obv. die 93; Auctiones 26, lot 217 = Auctiones 3, lot 175 (same dies). VF, toned, some roughness, light scratches under tone, die break on obverse.