Phanes coins

Electrum coin from Ephesus, 625–600 BC. Obverse: Stag grazing right, ΦΑΝΕΩΣ (retrograde). Reverse: Two incuse punches, each with raised intersecting lines.

The Phanes coins, so called for the name inscribed on them, are early electrum coins from Caria in Asia Minor and are the most ancient inscribed coin series at present known.