Watch List notes:

Caracalla. Denarius; Caracalla; 198-217 AD, Rome, 212 AD, Denarius, 3.43g. BM-73, C-104 (5 Fr.), RIC-214. Obv: ANTONINVS - PIVS AVG BRIT Head laureate r. Rx: INDVLG FE - CVNDAE Orbis Terrarum, veiled and towered, seated l. on curule chair, extending r. hand and holding scepter. From the Philip Ashton Collection, ex Berk 132, 14 May 2003, lot 477; ex Marc Melcher Collection, Triton VI, January 2003, lot 1651 (part). This type probably commemorates Caracalla's generosity (Indulgentia) in extending the Roman citizenship to all inhabitants of the Roman empire. Hence the World, towered as on Hadrian's RESTITVTORI ORBIS TERRARVM sestertius, is depicted sitting on the curule chair, symbolic of the consulship, praetorship, and curule aedileship, the highest offices open to Roman citizens.. MS