Watch List notes:

Septimius Severus. AD 193-211. AV Aureus (20mm, 7.42 g, 12h). Rome mint. Struck AD 196-197. L • SEPT SEV PERT AVG IMP VIII, laureate head right / P M TR P IIII COS II P P, Victory, winged and draped, advancing left, holding wreath in extended right hand and trophy in left. RIC IV 86B corr. (Victory to left, not right); Calicó 2498 (same obv. die as illustration); BMCRE 145 (same dies); Adda –; Biaggi –; Jameson –; Mazzini –. In NGC encapsulation 4282760-001, graded Ch MS, Strike: 5/5, Surface: 4/5. Only one other example in CoinArchives. Very rare, and missing from most private collections.

From the Grand Haven Collection. Ex Classical Numismatic Group 108 (16 May 2018), lot 652.

This type with Victory holding wreath and trophy is much rarer than the similar issue with her holding a wreath and palm frond.