Watch List notes:

Octavian as Augustus, 27 BC – 14 AD. Denarius, Emerita circa 25-23 BC, AR 3.78 g. IMP CAESAR – AVGVST Bare head l. Rev. P CARISI – VS – LEG PRO PR Circular city-wall with EMERITA inscribed above gate. C 398. BMC 291. RIC 9b. CBN 1039.
Rare. Light iridescent tone, virtually as struck and almost Fdc

Ex NAC sale 92, 2016, 455.