Watch List notes:

Caracalla, 198-217. Denarius (Silver, 19 mm, 3.23 g, 12 h), Rome, 212. ANTONINVS PIVS AVG BRIT Laureate head of Caracalla to right. Rev. P M TR P XV COS III P P Serapis standing facing, head left, raising right hand and holding long scepter with left. Cohen 195. RIC 194. Extremely fine.
From the DA Collection, USA.