Watch List notes:

IONIA. Ephesos. Circa 335-320 BC. Hemidrachm (Silver, 10 mm, 1.61 g, 6 h), Timesianax, magistrate. E-Φ Bee. Rev. Quadripartite incuse divided by two broad bands; on horizontal band, TIMHΣIAN. Pixodarus p. 198. SNG Copenhagen 212. Beautifully toned. Struck from a somewhat worn reverse die, otherwise, good very fine.