Watch List notes:

Septimius Severus. 193-211 AD. Billon tetradrachm, 11.92g. (12h). Alexandria, Year 4 = 195/6 AD. Obv: AYT [K Λ CEΠ] CEYH EY ΠEPT CEB APA AΔI Head laureate right. Rx: LΔ in left field, Eagle with closed wings standing right on thunderbolt, head left, holding wreath in beak. Dattari-Savio pl. 216, 7708. Obverse legend variant of Cologne 2269 and Emmett 2666-4. With just EY rather than the normal EYCE in obverse legend. An exceptional example of a very rare coin: the mint of Alexandria struck very few tetradrachms for Septimius and his family. EF.

Ex CNG 88, 14 September 2011, lot 1102.