Watch List notes:

IONIA. Ephesos. Circa 510-500 BC. Drachm (Silver, 13 mm, 3.41 g). Bee. Rev. Irregular incuse punch. Karwiese, Series V, 36. SNG Kayhan 114. Winterthur 2901. A lovely coin of beautiful late Archaic style. Struck on a somewhat short flan as usual, otherwise, nearly extremely fine.