Watch List notes:

Arcadius. AD 383-408. AV Solidus (20mm, 4.23 g, 12h). Constantinople mint, 4th officina. Struck AD 388-392. D N ARCADI VS P F AVG, pearl-diademed, draped, and cuirassed bust right / CONCORDI A AVGGG, Constantinopolis, helmeted, enthroned facing, head right, foot on prow, holding vertical spear in right hand and shield inscribed VOT/ V/ MVL/ X in four lines in left; Δ//CONOB. RIC IX 70c.2 var. (bust type); Depeyrot 48/3. Faint hairlines, traces of deposits. Good VF.

From the Peter J. Merani Collection. Ex Marc Poncin Collection (Classical Numismatic Group 72, 14 June 2006), lot 1877; Classical Numismatic Group 66 (19 May 2004), lot 1648.