Watch List notes:

The Roman Empire

Honorius, 393 – 423. Semissis, Mediolanum 395-402, AV 2.23 g. D N HONORI – VS P F AVG Pearl-diademed, draped and cuirassed bust r. Rev. VICTORIA AVGVSTORVM M – D Victory seated r. on cuirass, holding shield on which she is writing VOT / V / MVLT / X; below shield, winged genius supporting it. In exergue, COMOB. C –. RIC 1211 (this coin). Ulrich-Bansa 77 (this coin). Depeyrot 17/1.
Extremely rare. An almost invisible scrape on reverse, otherwise about extremely fine

Ex M&M list 491, 1986, 48 and Gemini VIII, 2011, 479 sales.