Watch List notes:

ARCADIA, Phialia. Caracalla. AD 198-217. Æ Assarion (21mm, 3.89 g, 12h). Struck circa AD 198-209. Laureate, draped, and cuirassed bust right / ΦI A ΛЄωN, Athena standing left, holding patera and spear. BCD Peloponnesos 1656.1 var. (ethnic spelled with Ω rather than ω); BCD Peloponnesos II 2917 var. (same); NCP p. 107; Dura –; BMC –. Near VF, dark green to black patina, worn through at highest points. Extremely rare, and apparently an unpublished variety.

From the J. Cohen Collection. Ex J. S. Wagner Collection (Classical Numismatic Group Electronic Auction 349, 22 April 2015), lot 261.