Watch List notes:

IONIA, Ephesos. Circa 202-150 BC. AR Drachm (16mm, 4.12 g, 12h). Adaios, magistrate. Bee / Stag standing right; palm tree in background, AΔAIOΣ to right. Kinns, Attic p. 84; A. Löbbecke, "Greichische Münzen aus meiner Sammlung. II" in ZfN 12 (1885), p. 316, 1; CNG E-326, lot 121 (same rev. die). Attractive iridescent tone. Near EF.