Watch List notes:

IONIA. Ephesos. Phanes, circa 625-600 BC. 1/24 Stater (Electrum, 6 mm, 0.58 g). Forepart of a stag to right, head reverted. Rev. Incuse square punch with raised lines within. Boston MFA -. Rosen -. SNG von Aulock 7773. Cf. Weidauer 36-37 (1/12 stater). Rare. An attractive and well centered example of this important issue. Very fine.