Watch List notes:

Arcadius (383-408). AE Follis, Heraclea mint, 383-388. Bust right, diademed, draped, cuirassed, holding spear and shield; above, hand holding wreath. / Emperor standing facing, head left, holding banner and leaning on shield set on ground; to left, seated captive. RIC VIII 22. AE. 4.65 g. 23.00 mm. Nice brown patina. VF.