Watch List notes:

IONIA, Ephesos. Phanes. Circa 625-600 BC. EL Hemihekte – Twelfth Stater (8mm, 1.18 g). Forepart of stag right, head reverted, its dappled coat indicated by indentations on the body / Incuse square with raised intersecting lines within. Fisher-Bossert, Phanes 32 (O21/R32s); Weidauer 36 (same dies); Boston MFA 1816 = Warren 1731; Head p. 15, 5 = Traité pl. II, 20; Konuk & Lorber Fig. 19 (fourth coin). Near EF.