Watch List notes:

Septimius Severus AR Denarius. Emesa, AD 194-195. IMP CAE L SEP SEV PERT AVG COS II, laureate head to right / VICT AVG, Victory advancing to left, holding wreath in both hands. RIC IV 426; BMCRE 401 (Wars of the Succession); RSC 675d. 3.64g, 16mm, 12h.

Very Fine; scratch to rev. Extremely Rare; only one other example on CoinArchives.

From the inventory of a European dealer.