Watch List notes:

IONIA. Ephesos. Phanes, circa 625-600 BC. Hemihekte or 1/12 Stater (Electrum, 6 mm, 0.60 g). Forepart of a stag to right, his head turned back to left. Rev. Incuse square with irregular pattern. BMFA 1816. SNG von Aulock 7773. Weidauer 36-37. One of the first coins to be minted; a coin of great significance. Very fine.