Watch List notes:

Ionia, Ephesos AR Tetradrachm. Ekatokles, magistrate. Circa 340-325 BC. Bee with straight wings; E-Φ flanking / Forepart of stag right; palm tree to left, EKATOKΛHΣ to right. Pixodarus p. 183, Class I, O147; SNG Munich 40; SNG Copenhagen 220. 15.12g, 24mm, 12h.

Very Fine. Extremely rare magistrate; no examples on CoinArchives.

From a private UK collection.