Watch List notes:

The Roman Empire

Caracalla augustus, 198 – 217. Quinarius 208, AR 1.40 g. ANTONINVS – PIVS AVG Laureate head r. Rev. PONTIF TR P – XI COS III Victory standing l., holding wreath and palm branch. C 450. BMC 571. RIC 101. King 8e (this coin).
Very rare. Light iridescent tone and very fine
Ex Gilhofer und Ranschburg / Hess 22 May 1935, Trau, 2261 (illustrated as 2271); Lanz Graz 5, 1975, 567; NFA IV, 1977, 621 and Künker 288, 2017, 691 sales. From the George C. Hopkins collection.