Watch List notes:

Honorius Æ Nummus. Constantinople, AD 395-401. D N HONORIVS P F AVG, pearl-diademed, draped, and cuirassed bust right / VIRTVS [EXERCIT], emperor standing facing, head right, holding spear and shield, being crowned by Victory; CON[SA] in exergue. RIC 61. 2.69g, 16mm, 12h.

Very Fine.

Ex Roma Numismatics Ltd., E-Sale 45, 5 May 2018, lot 744.