Watch List notes:

Septimius Severus (193-211). AR Denarius, 195-196 AD. Obv. [L SEPT] SEV PERT AVG [IMP V...] . Laureate head right. Rev. ARAB ADIAB COS II PP. Victory advancing left, holding wreath and trophy. RIC 58/64. AR. g. 2.75 mm. 17.00 A very attractive example, prettily toned. Good VF.

The type refers to recent victory over Arabians and Adiabenians.