Watch List notes:

Caracalla, AD 198-217. Denarius (Silver, 19 mm, 3.51 g, 12 h), Rome, 201-206. ANTONINVS PIVS AVG Laureate and draped bust of Caracalla to right. Rev. IIII LIBERALITAS AVGG Liberalitas standing left, holding abacus in her outstretched right hand and cornucopiae in her left. BMC 284. RIC 135. RSC 122a. A pleasing example with a beautiful portrait. Lightly toned and well centered. About extremely fine.
From the Brett Telford Collection, USA.