Watch List notes:

The Roman Empire

Caracalla augustus, 198 – 217. Aureus 198-199, AV 7.07 g. IMP CAES M AVR – ANTONINVS AVG Laureate, draped and cuirassed bust r. Rev. IVVE – NTA – IMPERII Caracalla, in military dress, standing l. holding Victory on globe in r. hand and reversed spear in l.; at feet, seated captive to l. C –. BMC p. 173, 115 note. RIC 20. Calicó 2684 (these dies).
Very rare. A gentle portrait of fine style struck on a large, extremely fine
Ex CNG Mail bid 61, 2002, 1939 and Gorny & Mosch 228, 2015, 648 sales. From the collection of a retired banker.