Watch List notes:

IONIA. Ephesos. Phanes, circa 625-600 BC. 1/24 Stater (Electrum, 6 mm, 0.54 g). Forepart of a stag to right, head reverted. Rev. Incuse square punch with raised lines within. BMFA -. Rosen -. SNG von Aulock 7773. Weidauer -, cf. 36-37 (1/12 stater). Nearly very fine.