This coin  has a figure of a deer on it. Above the figure of the deer there is a name “Phanes.” It is the name of the person who minted the coins. The deer symbolizes the “nobility badge” of Phanes. According to some historians the deer symbolizes the wealth and power of Phanes. It is considered the first example of money in the history of the world, minted in 625-600 B.C. in Ephesus.