Watch List notes:

Caracalla, Caesar, 196-198. Denarius (Silver, 18.5 mm, 3.36 g, 6 h), struck under Septimius Severus, Laodiceia ad Mare, 196-197. M AVR ANTON CAES PONTIF Bare-headed, draped and cuirassed bust of Caracalla to right. Rev. SECVRITAS PERPETVA Minerva standing left, holding spear and shield. BMC 459. Cohen 566. RIC 330. Toned; bold and attractive. Nearly extremely fine.

From the Stoecklin Collection, from the collection of Dr. Lesic in Belgrad, and from the Niš Hoard of the early 1930s ("Niška Kamenc").