Watch List notes:

Arcadius Æ Nummus. Thessalonica, AD AD 384-388. D N ARCADIVS P F AVG, pearl-diademed, draped and cuirassed bust right / GLORIA ROMANORVM, Emperor advancing right, holding standard and dragging captive; Γ in right field, [T]ES in exergue. RIC 60c. 2.90g, 16mm, 5h.

Very Fine. Extremely Rare, no other examples on CoinArchives.

From a private UK collection.