Watch List notes:

Tiberius. Denarius; Tiberius; 14-37 AD, Lugdunum, 15-16 AD, Denarius, 3.72g. Giard, Lyon-124 (no spec.); rev. type var. (two horses look back) of BM-8, Paris-5, and RIC-4 (R2). Obv: TI CAE[SAR DIVI] - AVG F AVGVSTVS Head laureate r. Rx: IMP VII in exergue, [TR P]OT XVII around, Tiberius holding branch and eagle-tipped scepter in triumphal quadriga r.; the first and third horses turn their heads back l. The scarcer variety of this type, with two of the horses looking back. In his book on the coinage of Lyon, Giard-123 found only a single aureus of Tiberius with this variety (Paris-9, pl. I), and no denarii. He indeed created an entry for such denarii, his no. 124, but wrote "No specimens found." However, CoinArchives Pro contains eight further denarii like ours, with two of the horses looking back, suggesting that this variety is really not so rare, and should have been found by Giard and RIC! This reverse type commemorated the triumph celebrated by Tiberius in January 13 AD, late in the reign of Augustus, for victories over the Germans that he had won the year before.Bold strike; scarce reverse. EF