Watch List notes:

Hadrian AR Cistophorus of Ephesus, Ionia. AD 117-138. HADRIANVS AVG COS III P P, bare head to right / FORTVN EPHESIA, Fortuna standing to left, holding rudder and cornucopiae. RPC III 1336; RIC II 477 var. (same); BMCRE p. 395, * var. (same); RSC 777 var. (same). 9.33g, 29mm, 7h.

Near Very Fine. An Extremely Rare Variant; only three examples recorded by RPC.

From a private English collection;
Ex G. Hirsch, Auction 116, 6 April 1979, lot 3021.