Watch List notes:

Gratian, 367-383. Solidus (Gold, 21 mm, 4.51 g, 6 h), uncertain mint in northern Italy (Mediolanum?), 380-382. D N GRATIA-NVS P F AVG Pearl-diademed, draped and cuirassed bust of Gratian to right. Rev. VICTOR-IA AVGG / COM Gratian and Valentinian II, crowned and nimbate, seated facing on double-throne, holding a globe together; behind, Victory standing facing with wings spread; below, palm branch. Depeyrot 1/1 (as 'Italie du Nord'). RIC 5d (as 'Mediolanum'). A charming example with a fine style portrait. Minor edge marks. Extremely fine.