Watch List notes:

Arcadius. A.D. 383-408. AE 2 (23.1 mm, 5.28 g, 7 h). Cyzicus mint, struck A.D. 388-392. DN ARCADIVS PF AVG, pearl-diademed, draped, and cuirassed bust right / VIRTVS EXERCITI, emperor standing right, holding labarum and globe, left foot on captive; SMKA in exergue. RIC 25; LRBC 2566. VF, black patina with blue-green highlights. 

Ex Elwood Rafn collection.