Watch List notes:

IONIA, Ephesos. Circa 202-150 BC. Fourrée Drachm (18.5mm, 3.43 g, 12h). Uncertain magistrate. Bee / Stag standing right; palm tree in background; [...]AM[ I?]Φ[....] to right. For prototypes, cf. SNG Kayhan 287–90. Toned, roughness and deposits, plating broken on obverse, exposing core. Fine.