According to Holloway’s 1962 study of Naxos coinage, this piece with “grape bunches at the handles and a wreath of ivy around the vessel” belongs to the third typological phase. While at the time of the study’s publication, 40 examples of all three phases were known. By 2006 when Sheedy wrote his book the Archaic and early Classical Coinages of the Cyclades, an additional 37 pieces were unearthed. Of these new discoveries, the vast majority belong to the Halloway’s second phase, and only 4 new examples of this type were discovered: 1 from a 1990 hoard, 2 from collections that Halloway missed in his study, and 1 from an unknown find. Overall, there are only 19 known examples of this type.

This particular example was part of the extensive Grantley collection, which was hastily sold by Glendining on 26 September 1944 after the collector's death. Throughout his adult life, until his death in August 1943, John Richard Brinsley Norton, 5th Baron Grantley, FSA, FRNS assembled one of Britain's largest and most significant numismatic collections that spanned nearly all major thematic areas. However, when he passed, his estate faced debts and a £10,000 bequest to his fiancée, which along with World War II, forced his son to work with Leonard Forrer at Glendinning to sell the collection. Due to this great rush, the collection was published in eleven non-illustrated catalogs and sold off, often at a great discount.