Watch List notes:

Caracalla. AD 198-217. AR Denarius (19.5mm, 3.25 g, 6h). Rome mint. Struck AD 203. Laureate and draped bust right / IN CARTH in exergue, The Dea Caelestis riding right on lion, holding thunderbolt and scepter; below, water gushing from rocks on left. RIC IV 130a; RSC 97. Area of slight weakness of strike on obverse. EF. Well struck reverse for issue.

From the Jack A. Frazer Collection. Ex Classical Numismatic Group 55 (13 September 2000), lot 1324.