Watch List notes:

IONIA, Ephesos. Phanes. Circa 625-600 BC. EL Myshemihekte – Twenty-fourth Stater (6.3mm, 0.57 g). Forepart of stag left, head reverted; three pellets to left / Incuse square punch with raised lines within. Fischer-Bossert, Phanes 40e (O16/R36T – this coin); Weidauer –; SNG Kayhan 1219 (same obv. die). Minor die wear. Good VF. Very rare, one of only 13 examples noted by Fischer-Bossert with pellets on the obverse (known from only one die).

From the MM Collection. Ex Classical Numismatic Group Electronic Auction 377 (29 June 2016), lot 97 (hammer $3000).