Watch List notes:

Gratian AV Solidus. North Italian mint (Mediolanum?), AD 380-382. D N GRATIANVS P F AVG, pearl-diademed, draped and cuirassed bust right / VICTORIA AVGG, two emperors, in consular robes, seated facing on throne with their legs draped, together holding a globe; between and behind them the upper portion of a Victory with outspread wings; between and below them, a palm branch; COM in exergue. RIC 5d; Depeyrot 1/1. 4.51g, 21mm, 5h.

Near Mint State.

From the Ambrose Collection;
Ex Classical Numismatic Group 72, 14 June 2006, lot 1845;
Ex Leu 77, 11 May 2000, lot 710.