Ephesos Ionia, EL trite. Struck under Phanes, ca 625-600 BC. 14 mm, 4.67 g. 

FANEOS (retrograde), stag grazing right, its body ornamented with a lozenge pattern.
Two irregular square incuses, each ornamented with raised 
intersecting lines. 

Weidauer 40; SNG München 14; ACGC 54; Kraay & Hirmer 585.

Very rare

With permission of Nomos AG auction 17, Lot 168, Oct. 2018.