Watch List notes:

THEODOSIUS II, 402-450 AD. Gold Semissis (2.24 gm) of Constantinople 439 AD. Laureate draped and cuirassed bust / Victory seated inscribing shield. RIC.270(R4). Near Mint. Scarce. Removed from NGC slab with insert grades AU, 5/5, 3/5. Very Rare.

Estimate: $1300