Ephesos or uncertain mint in Ionia. EL Hecte, ca. 550-530 BC. 2.29g. 

Obv: bee or horsefly with two pairs of legs at the front.
Rev: Incuse square with rough surface. 

Traite II-2, 1870 var (AR, reverse).

Note: The obverse seems to show a horsefly, not a bee. The 
same obverse die was also used to strike a silver coin 
with a rosette within an incuse square. Where these 
coins were struck, cannot yet be established with certainty.

With permission of Gemini auction IX, lot 140, Jan. 2012.
Estimate: $50,000.