Watch List notes:

THRACE. Hadrianopolis. Caracalla, 198-217. (Bronze, 27 mm, 11.54 g, 7 h). AYT K M AYP CEY ANTΩNEINOC Laureate head of Caracalla to right. Rev. AΔPIANOΠOΛEITΩN Bearded Pan standing facing, head to left, holding lagobolon over his right shoulder and treading with his left foot upon a rather annoyed panther. Varbanov 3567. Rare type, with dark brown patina and a very interesting reverse. Good fine.