Watch List notes:

Trajan, 98-117. As (Copper, 27 mm, 10.63 g, 5 h), Rome, circa 104-107. IMP CAES NERVAE TRAIANO AVG GER DAC P M TR P COS V P P Laureate head of Trajan to right, with slight drapery on his left shoulder. Rev. S•P•Q•R•OPTIMO PRINCIPI / S C Elaborately decorated oval shield set over an oblong shield, a curved sword, three spears, and vexillum. BMC 951. Cohen 569 var. (differing bust type). RIC 584 var. (differing bust type). Woytek 198b. An attractive example of this interesting issue with excellent reverse details. Somewhat smoothed, otherwise, very fine.