289, Lot: 112. Estimate $300. Sold for $425. This amount does not include the buyer’s fee.

IONIA, Ephesos. Phanes. Circa 625-600 BC. EL 1/24 Stater (7mm, 0.55 g). Forepart of stag right, head left / Incuse square punch with raised lines within. Cf. Weidauer 36-37 (1/12 stater); Traité -; BMC Ionia -; Boston MFA -; SNG von Aulock 7773; Zhuyuetang 9; Rosen -. Near VF.

These electrum coins mark the first appearance of the stag of Artemis as a civic badge of Ephesos, and are from the same issue as the famous "Phanes" stater and trite, the earliest named coinage. The tiny 1/48 staters are struck from the same dies as the hemihektes with forepart of stag.