Watch List notes:

IONIA, Ephesos. Circa 500-420 BC. AR Drachm (12mm, 3.29 g). Milesian standard. Bee; dotted border / Quadripartite incuse square. Karwiese Series VI, 2A; SNG Kayhan 121–3 var. (Series VI, 2B). Toned, some porosity and granularity, a little off center on obverse, edge bump on reverse. VF.