Watch List notes:

THE ROMAN EMPIRE
Caracalla, caesar 195 – 198

Aureus 196, AV 7.31 g. M AVR ANTO – NINVS CAES Bareheaded, draped and cuirassed bust r. Rev. SPEI P – E – RPETVAE Spes advancing l, holding flower in r. hand and raising skirt with l. C 593 var. (not cuirassed). BMC S. Severus 189. RIC 5. Calicó 2819 (this obverse die / 2819a this reverse die).
Very rare. Struck in high relief on a full flan and extremely fine


Ex Lanz sale 125, 2005, 126.