Watch List notes:

Caracalla (198-217). AE Medallion, Philippopolis mint, Thrace. Pythian Games issue. D/ Radiate, draped and cuirassed bust right. R/ Prize crown, inscribed ΠVΘIA and containing five balls, set upon table; amphora and palm frond below. Cf. Varbanov III, 1420. AE. g. 23.30 mm. 36.00 R. Rare. An attractive example, dark green patina. Some smoothing and tooling, otherwise VF/Good VF.

Ex Naumann 70, lot 204.