Watch List notes:

Gratian. AD 367-383. Æ (18mm, 2.58 g, 5h). Thessalonica mint, 3rd officina. Struck AD 367-375. Pearl-diademed, draped, and cuirassed bust right / Emperor advancing right, holding kneeling captive with right hand and labarum with left; *-*/Γ//TES. RIC IX 26c.xvii. Good VF, reddish-brown and green patina, some smoothing.

From the Belgica Collection. Ex Rauch 88 (17 May 2011), lot D699.