Watch List notes:

CARIA, Uncertain. Circa 500-450 BC. AR Fraction (8.5mm, 0.66 g, 6h). Stylized head of lion right, with "sun" on forehead / Facing head of lion within incuse square. Cf. Elektron I 22 (for obv. type, in EL); cf. S. Hurter, "Lions and lionesses, eagles and a few heads: a new uncertain mint in Caria" in Essays Hersh 33–5 (for rev. type); Münzen und Medaillen GmbH 30, lot 546. VF, toned. Very rare.