Watch List notes:

Roman Gaming Token (?), designed and elaborately cut from a City Commemorative Series Æ Half-Nummus. Struck under Constantius II and Constans. Rome, AD 348. CONSTANTINOPOLIS, diademed and draped bust of Constantinopolis right / Pax standing left, holding branch and sceptre; P-R across fields. RIC 106. 1.44g, 15mm, 6h.

Condition as seen. Cut from a rare type.