Watch List notes:

EGYPT, Alexandria. Septimius Severus. AD 193-211. BI Tetradrachm (23.5mm, 13.39 g, 12h). Dated RY 5 (AD 196/197). Laureate head right / Sarapis enthroned left, holding scepter, extending his right hand toward Cerberus seated at his feet; L Є (date) to upper left. Köln –; Dattari (Savio) 3994 (this coin); K&G 49.24; Emmett 2687.5 (R5 = Dattari 3994). Dark brown patina with touches of green, some roughness. VF. Extremely rare, none in CoinArchives (and only two for this reverse type, both dated RY 6).

From the New Orleans Collection. Ex Giovanni Dattari Collection, no. 3994.