Watch List notes:

Caracalla. AD 198-217. AR Denarius (18mm, 3.28 g, 12h). Rome mint. Struck AD 212. Laureate head right / Serapis standing left, raising hand and holding scepter. RIC IV 194; RSC 195. Good VF, lightly toned, small reverse deposit, a few light scratches.

From the Matthew Rich Collection. Reportedly ex Michael Trenery FPL (November 2010), no. E42.