Watch List notes:

ELECTROTYPES, IONIA. Ephesos. Phanes. Electrotype "EL Stater" (22mm, 9.34 g). British Museum electrotype ([MB] on reverse). Stag grazing right, its dappled coat indicated by indentations on the body; ΦANOS EMI SEMA (retrograde) above / Two incuse squares flanking central incuse rectangle, each with raised intersecting lines within. Head, Guide, Period I.A.7; GPCG pl. 1, 9. Toned. As made.

From the Dr. Stephen J. Antonello Collection, purchased from Elwood Rafn 10 November 2006.