Watch List notes:

IONIA. Ephesos. Phanes, circa 625-600 BC. 1/48 Stater (Electrum, 5 mm, 0.28 g). Head of a stag to right. Rev. Incuse square punch with raised lines within. Boston MFA -. SNG von Aulock 7788 corr. (misdescribed as 'head of a griffin'). Weidauer -. Very rare. Light marks, otherwise, good very fine.