Watch List notes:

IONIA, Ephesos. Circa 550-500 BC. AR Hemidrachm (10mm, 1.53 g). Bee; no border / Rough incuse square. Karwiese Series V; SNG Kayhan –; Tkalec & Rauch (September 1987), lot 111; Giessener Münzhandlung 69, lot 326. Toned, typical light porosity, a little off center on obverse. VF. Very rare demomination for Series V.

From the MM Collection. Ex Roma E-Sale 62 (17 October 2019), lot 282.