Watch List notes:

Honorius, 393-423. Solidus (Gold, 19 mm, 4.35 g, 12 h), Mediolanum, 395-423. D N HONORI-VS P F AVG Pearl-diademed, draped and cuirassed bust of Honorius to right. Rev. VICTORI-A AVGGG / M - D / COMOB Honorius standing right, with his left foot set on captive, holding labarum with his right hand and Victory set on globe in his left. Depeyrot 16/2. RIC IX 35c = RIC X 1206. A lovely example with some lustre. Extremely fine.