Watch List notes:

IONIA. Ephesos. Phanes, circa 625-600 BC. Hekte (Electrum, 10 mm, 2.35 g). Forepart of a stag to left, head turned back to right; before, pellet with three leaves arround. Rev. Abstract geometric pattern within incuse square punch. Fischer-Bossert, Phanes, 13α (O10α/22L). Weidauer 35 var. (differing obverse symbol). Of the highest rarity, the second and finest known example. A beautiful piece of enchanting Archaic style. Struck from slightly worn dies, otherwise, nearly extremely fine.