Watch List notes:

Caracalla AR Denarius. Rome, AD 208. ANTONINVS PIVS AVG, laureate head right / PONTIF TR P XI COS III, the emperor in military attire, holding spear, on horseback right, kneeling captive below raised foreleg; PROF in exergue. RIC 108; BMCRE 573; RSC 510. 3.27g, 19mm, 6h.

Good Very Fine; minor flan crack 12h.

From a the inventory of a UK dealer;
Ex Elwood Rafn Collection, Classical Numismatic Group, Electronic Auction 410, 29 November 2017, lot 358;
Ex CNG Inventory #997329, purchased in February 2015.