Watch List notes:

IONIA, Uncertain. Circa 550-525 BC. EL Forty-eighth Stater (5mm, 0.31 g). Lydo-Milesian standard. Head of bridled Pegasos left / Incuse square punch. Fischer-Bossert, Horses, Series II, 32 (dies P23/P25; this coin); cf. Weidauer 145-6 (Twenty-fourth Stater); cf. Traité I 347 (Chios; same); cf. Elektron II 43 (same); Rosen 295-6; SNG Kayhan 718 (same rev. punch). Slightly compact flan, obverse die rust. VF.

From the MM Collection. Ex Gorny & Mosch 216 (15 October 2013), lot 2521.