Watch List notes:

Caracalla (198-217). AR denarius, 201-206 AD. Obv. ANTONINVS PIVS AVG. Laureate and draped bust right. Rev. ADVENT AVGG. Galley left, with eight rowers, signum and aquila at stern; an officer standing right and giving a report or saluting the three seated imperial figures. RIC 120. C. 3. AR. g. 3.28 mm. 18.00 R. Rare. A particularly nice example of this fascinating issue. A spectacular reverse, sharply struck and with all details clearly visible. Prettily toned with golden hues. Good VF.