Watch List notes:

Caracalla, 198-217. Aureus (Gold, 20 mm, 7.27 g, 6 h), Rome, 204. ANTON P AVG PON TR P VII Laureate, draped and cuirassed bust of Caracalla to right. Rev. VICT PART MAX Victory advancing left, holding wreath in right hand and palm in left. Calicó 2843a. BMC p. 249, note *. RIC 78. Nicely centered with a handsome portrait of the emperor. A few light scratches, otherwise, very fine.

From the Trausnitz Collection, ex Brandt & Sonntag FPL December 1990, 21.