Watch List notes:

Caracalla, 198 – 217. Denarius, Laodicaea circa 199, AR 3.86 g. IMP CAE M AVR A – NT AVG P TR P II Laureate, draped and cuirassed bust r. Rev. SPES PV – BLICA Spes advancing l., holding flower in r. hand and raising skirt. C 600. BMC 696. RIC 341.
An unusual portrait perfectly struck in high relief and
with a lovely iridescent tone. A perfect Fdc

Ex Aureo & Calicó sale 241, Imagines Imperatorum, 2012, 169.