Watch List notes:

Gratian Æ Nummus. Arelate, AD 367-375. D N GRATIANVS AVGG AVG, pearl-diademed, draped and cuirassed bust right / GLORIA NOVI SAECVLI, emperor standing facing, head left, holding labarum in right hand and resting left on shield; TCON in exergue. RIC 15 (xiv.c). 2.23g, 19mm, 11h.

Good Very Fine.

From the PT Collection of the Later Empire.