Watch List notes:

IONIA, Ephesus, (104-103 B.C.), silver cistophoric tetradrachm, (12.37 g), obv. cista mystica containing serpent, all within ivy wreath, rev. bow in case between two coiled serpents, to left monogram of **EFE*, above bee and **AL* date of year 31, to right a torch, (cf.S.4394, Carbone, Hidden Power, type XLVII, No.11 [This Coin illustrated plate 84] obv.130, rev 239, Kleiner [ANSMN 18], No.35). Well centred, very fine and rare.

Ex the 2002 hoard, acquired from CNG in January 20, 2003.
The new definitive work by Lucia Francesca Carbone, Hidden Power, American Numismatic Society, Num. Studies 42, is a detailed study of the coins from Ephesus and other the other issuing mints, many of the illustrated coins in this publication come from the 2002 hoard (p.35-47).