Watch List notes:

THE VISIGOTHS

Pseudo-Imperial Coinage. In the name of Honorius, 393-423. Tremissis, Tolouse (?) mid 5th century, AV 1.48 g. DN HONORI – VS PF AVC Pearl-diademed, draped and cuirassed bust r. Rev. VICTORI – AVCVSTORVM Victory advancing r., holding palm in r. hand, pastoral staff and cross in l.; on sides, R –V and in exergue, COM. MEC I, –. Belfort –. RIC –.
Extremely rare. Traces of edge filing, otherwise good very fine


Ex Künker sale 121, 2007, De Wit, 129.
Probably this issue was produced at an early date, possibly during the reign of Theoderic I at the mint of Tolouse.
The meaning of the cross and the pastoral staff in the left hand of the Victory is uncertain.