Watch List notes:

Arcadius AV Solidus. Constantinople, AD 402-403. D N ARCADIVS P F AVG, pearl-diademed, helmeted and cuirassed bust three-quarters facing, holding spear and shield / NOVA SPES REIPVBLICAE, Victory seated right on cuirass, inscribing XX XXX in two lines on shield; CONOB in exergue. RIC 22; Depeyrot 54/1. 4.53g, 21mm, 6h.

Extremely Fine; well struck with excellent detail and highly lustrous surfaces. A superb example of this very rare type.

From a private American collection;
Acquired from Ariadne Galleries Inc., New York.