Watch List notes:

CONSTANTINE III, (A.D. 407-411), silver siliqua, Arles Mint, (1.67 g), obv. pearl-diademed, draped and cuirassed bust of Constantine to right, around DN CONSTAN TINVS PF AVG, rev. VICTORI-A AAVGGG, Roma seated left, holding Victory on globe in right hand, reversed spear in left, (S.21072, RIC 1538, cf.RSC 4d). Toned, nearly extremely fine and very rare.

Ex Dr L.J. Sherwin Collection. Previously I.S.Wright, 27.3.1991. Also Sothebys, lot 917.