Watch List notes:

Theodosius I. A.D. 379-395. Æ nummus (13 mm, 1.3412 g, 12 h). Heraclea, A.D. 388-392. D N THEODO-SIVS P F AVG, diademed, draped and cuirassed bust of Theodosius I right / SALVS REI-PVBLICAE, Victory advancing left, head right, holding trophy over shoulder and dragging captive; SMHB. RIC 26b.2. Dark earthen-brown patina. Extremely fine.