Watch List notes:

MOESIA INFERIOR. Nicopolis ad Istrum. Caracalla, 197-217. Tetrassarion (Bronze, 27 mm, 12.37 g, 2 h), struck under the magistrate Flavius Ulpianus. AY K M AYP - ANTΩNINOC Laureate and cuirassed bust of Caracalla to right. Rev. Y ΦΛ OYΛΠIANOY N-I-KOΠOΛI ΠPOC I Dionysos standing facing, head to left, holding kantharos with his extended right hand and long filleted thyrsos in his left; at his feet to left, panther to left, his head turned backwards to face Dionysos. Unpublished but cf. AMNG 1671 for a similar issue for Geta. A wonderful example with a bold portrait of Caracalla. Nearly extremely fine.

From the Vineyard Collection, ex Lanz 106, 26-27 November 2001, 555.