Watch List notes:

Caracalla, as Caesar, AR Denarius. Rome, AD 196-198. [M AVR ANTON] CAES PONTIF, bareheaded, draped and cuirassed bust to right / PRINCIPI IVVEN[TVTIS], Caracalla standing left holding baton and spear, trophy to right. RIC 13b; BMCRE 208 (Wars of the Succession); RSC 505 3.08g, 15mm, 12h.

Very Fine.

From the inventory of a European dealer;
Ex Roma Numismatics Ltd, E-Sale 62, 17 October 2019, lot 944.