Watch List notes:

Arcadius AV Solidus. Mediolanum, AD 384-385. D N ARCADIVS P F AVG, pearl-diademed, draped and cuirassed bust to right / CONCORDIA AVGGG Θ, Constantinopolis enthroned facing, head to right, holding sceptre in left hand, left foot on prow of galley, shield on pillar to right, on which is inscribed VOT V MVLT X in four lines; MDOB in exergue. RIC X 7b; Depeyrot 7/5. 4.04g, 20mm, 6h.

Good Very Fine. Extremely Rare; only two other examples offered at auction in the past 20 years.

From the collection of Z.P., Austria, collector's ticket included.