Watch List notes:

Western Asia Minor, uncertain mint AR Obol. Circa 5th century BC. Milesian standard. Head of bridled horse to left, neck ending in beaded truncation / Rough incuse square. Unpublished in the standard references; Naumann 62, lot 236 = Asia Minor Coins Online 14454 (Aeolis, Kyme); Asia Minor Coins Online 20; CNG 72, lot 226 (uncertain Thraco-Macedonian). 0.59g, 9mm.

Good Very Fine. Very Rare.

From the inventory of a German dealer.