Watch List notes:

Augustus. 27 BC-AD 14. AR Denarius (20mm, 3.85 g, 2h). Emerita mint; P. Carisius, legatus pro praetore. Struck circa 25-23 BC. Bare head right / Circular city wall with EMERITA inscribed above gate. RIC I 9a; RSC 397. Attractive toning, uneven strike. VF.

From the Stein A. Evensen Collection. Ex White Mountain Collection (Classical Numismatic Group Electronic Auction 202, 14 January 2009), lot 155.