Watch List notes:

Theodosius I AV Solidus. Sirmium, circa AD 393-395. D N THEODOSIVS P F AVG, pearl-diademed, draped, and cuirassed bust right / VICTORIA AVGGG S, Theodosius standing right, left foot on bound captive, holding labarum and Victory on globe; S-M across fields, COMOB in exergue. RIC IX 15a3 (Sirmium); Depeyrot 34/5 (Theodosius II; Sirmium).4.41g, 20mm, 6h.

Very Fine; flan dented to obv. and rev.

From the inventory of a German dealer.