Watch List notes:

Trajan AR Denarius. Rome, AD 103-111. IMP TRAIANO AVG GER DAC P M TR P, laureate bust right, drapery over far shoulder / COS V P P S P Q R OPTIMO PRINC, trophy set on stump, with one round and two hexagonal shields, two swords and two javelins; below, crossed greaves. RIC 147a var. (trophy configuration); BMCRE 355; RSC 99 var. (same, note); Woytek 269b-2. 3.38g, 19mm, 7h.

Near Mint State; among the finest known specimens of the type.

Ex Jack A. Frazer Collection;
Ex Pegasi Numismatics, Buy or Bid Sale 121, 29 January 2001, lot 286.