Watch List notes:

Gratian (367-383), Nummus, Thessalonica, AD 367-375; AE (g 1,59; mm 18; h 6); D N GRATIANVS P F AVG, pearl-diademed, draped and cuirassed bust r., Rv. GLORIA ROMANORVM, Emperor advancing r., labarum (chi-rho standard) in l. hand, dragging captive with r.; on r., Γ and star, in ex., TES. RIC 26c.
About very fine.