105, Lot: 67. Estimate $200. Sold for $371. This amount does not include the buyer’s fee.

IONIA, Ephesos. Phanes. Circa 625-600 BC. EL 1/24 Stater (6mm, 0.55 gm). Forepart of stag right, head reverted / Incuse punch with raised lines within. Weidauer -; Traité -; cf. Boston MFA -; cf. SNG von Aulock 7773; Rosen -. Fine. Rare.

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.