Watch List notes:

CARIA, Caunos (Kaunos), uncertain ruler, (c.490-470 B.C.), silver stater, (11.88 g), obv. Iris with curved wings and outstretched hands in kneeling-running position to right, rev. rough triangular shape on crude incuse square, (S.-, Koray Konuk "The Early Coinage of Kaunos" in Essays Price, No.14, [similar dies to obv. 12, rev.11, 2 known, Pl.47], Hyla Troxell "Winged Carians" in Essays Thompson, cf.No.10 [similar dies], Giessener Munzhandlung Sale 96 7 June 1999 [lot 195 same dies]). Off centred slightly on the reverse, otherwise nearly very fine and a very rare pair of dies.

Comes with a Noble Numismatics descriptive priced ticket.
The attribution of these anonymous archaic coins has been given to Kaunos by Konuk. In a detailed argument on the reading of the Carian script on the later issues of similar type to this archaic issue, the dies used on this coin are however different to those noted by Konuk.