Watch List notes:

Caracalla AR Denarius. Rome, AD 196. M AVR ANTONINVS CAES, bare head, draped and cuirassed bust right / SPEI PERPETVAE, Spes advancing left, holding flower and raising skirt. RIC 5. 3.32g, 18mm, 12h.

Very Fine. Scarce.

From the inventory of a European dealer.