Watch List notes:

IONIA, Ephesos. Phanes. Circa 625-600 BC. EL Forty-eighth Stater (5mm, 0.29 g). Head of stag right / Abstract geometric pattern within incuse square. Fischer-Bossert, Phanes 53a (O33/R48 – this coin); Weidauer –; SNG von Aulock 7788; ATEC 237; Linzalone LN1106; Zhuyuetang 10. Toned, a couple of marks. Good VF.

From the MM Collection. Ex Leu Numismatik Web Auction 5 (23 September 2018), lot 240 (hammer CHF 1700).