Watch List notes:

TRAJAN, (A.D. 98-117), silver denarius, issued 111, Rome mint, (3.32 g), obv. laureate head with slight drapery on shoulder to right of Trajan, around IMP TRAIANO AVG GER DAC P M TR P COS VI P P, rev. Victory standing right, foot on helmet, inscribing DA/CI/CA in three lines on shield set on palm tree, around SPQR OPTIMO PRINCIPI, (S.-, RIC 234 var, RSC 450 var). Toned, nearly extremely fine and scarce.

Ex Noble Numismatics Sale 123, lot 3360. Previously Downies 1997.