Watch List notes:

IONIA, Phokaia. Circa 478-387 BC. EL Hekte – Sixth Stater (10mm, 2.54 g). Head of Pan left; to right, small seal downward / Quadripartite incuse square. Bodenstedt Em. 73. Good VF. High relief and well centered. Very rare, only three cited by Bodenstedt, eight in CoinArchives.