Watch List notes:

Septimius Severus. A.D. 193-211. AR denarius (21.6 mm, 3.07 g, 5 h). Rome mint, struck A.D. 201. SEVERVS PIVS AVG, laureate head right / PART MAX P M TR P VIIII, trophy between two captives, seated on shields, hands bound behind them. RIC 176; RSC 370; BMCRE 256-9. VF. 

Ex Elwood Rafn collection.