Watch List notes:

Caracalla. Gold Aureus (7.27 g). Mint of Rome, struck AD 198. IMP CAES M AVR ANT AVG P TR P, laureate, draped and cuirassed bust facing right, wearing aegis. Reverse: SPES PVBLICA, Spes advancing left, holding a flower and raising drapery (RIC 26b; Calicó 2820; Biaggi 1202; C 598). With a very attractive bust type of fine style, well-struck and lustrous. A superb example. NGC graded MS, Strike 5/5 Surface 4/5 Fine Style. Value $25,000 - UP