Watch List notes:

The Roman Empire

Tiberius, 14 – 37. Denarius, Lugdunum 15-16, AR 3.84 g. Laureate head r. Rev. Tiberius in triumphal quadriga r., holding laurel branch and eagle-tipped sceptre; the horses' heads are all turned r. C 48. RIC 4.
Rare. Old cabinet tone and good very fine

Ex Spink & Son Circular 80, 1972, 3974.