Watch List notes:

Ionia, Erythrai AR Obol. Circa 480-400 BC. Erythros advancing to right, leading horse by bridle / E-P-Y-Θ around rosette of twelve petals; all within incuse square. Unpublished in the standard references; cf. SNG Copenhagen 560 (horse to left, no ethnic); Agora 92, 14; Naville 29, 141. 0.68g, 9mm, 11h.

Very Fine. Extremely Rare.

From the inventory of a UK dealer.