Watch List notes:

Vespasian AR Denarius. Ephesus, AD 69-70. IMP CAES VESPAS AVG, laureate head right / PACI AVGVSTAE, Victory advancing left, holding wreath and palm frond; Φ to lower left. RIC 1406; RPC 812; RSC 280c. 3.48g, 18mm, 7h.

Near Mint State; attractive old cabinet tone. Rare.

From the Frank Reinhardt Collection;
Ex Auktionshaus H. D. Rauch GmbH, Auction 90, 4 June 2012, lot 369.