Watch List notes:

IONIA. Phokaia. Circa 478-387 BC. Hekte (Electrum, 10 mm, 2.54 g). Head of Hermes to left, wearing winged petasos, its strap passing over the back of his head; behind his neck, seal swimming downwards. Rev. Quadripartite incuse square. BMC 35. Bodenstedt 82 (c/γ). BMFA 1915. SNG von Aulock 2125. Well centered. A particularly elegant example with a wonderful head of Hermes. Extremely fine.
From a German collection.