Watch List notes:

Ionia Ephesos, silver Tetradrachm, c. 390-325 BC, Ε-Φ, bee with straight wings, rev. ΘPAΣYMHΔHΣ, magistrate, forepart of stag right, head turned back, palm tree in left field, 15.11g, 12h (Pixodarus class D, obvverse die 51; Sotheby, 6 December 1907, 81, this obverse die; for a graded coin struck from the same dies cf. NGC 4625019-020). Wonderfully centred, good very fine.

Provenance:
Bought CNG Mail Bid Sale 79, 17 September 2008, lot 330
Estimate: £1,200-1,500