Watch List notes:

IONIA. Ephesos. Circa 550-500 BC. 1/24 Stater (Silver, 5 mm, 0.51 g). Bee. Rev. Irregular incuse square. Karweise Series III, 19. Cf. SNG Kayhan 1221 (1/48 stater). Very rare. Sharp, toned, and unusually nice for this issue. Good very fine.