Watch List notes:

Caligula. Denarius; Caligula; 37-41 AD, Lugdunum, 37 AD, Denarius, 3.64g. BM-4, Paris-3, C-11 (12 Fr.), RIC-2. Obv: C CAESAR AVG GERM P M TR POT CO[S] Bare head of Caligula r. Rx: No legend, radiate head of Divus Augustus r. between two stars. These dies are not illustrated in Giard, Monnayage de Lyon. "Caligula at first intended to bestow on Tiberius similar honours to those enjoyed by Augustus, but desisted in face of the passive resistance of the Senate. The two stars (on his earliest aurei and denarii) suggest two 'divi', Augustus and (Tiberius)" (Mattingly, BMC I, p. cxliv).. F

Estimate: $1100