Watch List notes:

The Roman Empire

Caracalla caesar, 196 – 198. Sestertius 196, Æ 25.71 g. Bare-headed and draped bust r. Rv. Spes advancing l. C 595 var. (also cuirassed). RIC 401 var. (also cuirassed).
Very rare. An unusual portrait and plesant portrait and a lovely Tiber tone,
minor porosity on reverse, otherwise extremely fine
Ex Leu 25, 1980, 354 and NAC-Spink Taisei 16 November 1994, Steinberg, 588 sales.