Watch List notes:

Asia Minor, uncertain mint AR Fraction. Circa 5th century BC. Head of Griffin to right / Incuse punch. Cf. Balcer 132 (Teos, quadripartite incuse square); cf. SNG von Aulock 7938 (quadripartite incuse square, Phokaia); CNG e522, 137 (described as a lion, attributed to Kroisos). 0.15g, 5mm.

Very Fine. Very Rare.

From a private European collection.