92, Lot: 31. Estimate $200. Sold for $691. This amount does not include the buyer’s fee.

IONIA, Ephesos. Before 600 BC. EL 1/24 Stater (6mm, 0.56 gm). Forepart of a stag right; head reverted / Incuse punch with raised lines within. Cf. Weidauer 36 (1/12 stater); cf. Boston MFA 1816 (same); Rosen -; see Classical Numismatic Group 60 (22 May 2002), lot 716 for a similar specimen. Fine, scraped.

These electrum coins mark the first appearance of the stag of Artemis as a civic badge of Ephesos, and fall in the same context as the famous "Phanes" electrum, the earliest named coinage.