Watch List notes:

Caracalla, 198-217. Denarius (Silver, 20 mm, 3.53 g, 6 h), Rome, 213. ANTONINVS PIVS AVG BRIT Laureate head of Caracalla to right. Rev. PROFECTIO AVG Caracalla standing to right in military dress, holding spear with both hands; behind, two standards. BMC 97. Cohen 508. RIC 225. Lightly toned and boldly struck. Good very fine.
From the DA Collection, USA.