Watch List notes:

Caracalla. As Caesar, AD 196-198. AR Denarius (19mm, 3.70 g, 6h). Laodicea ad Mare mint. Struck under Septimius Severus, AD 197-198. M AVR ANTON CAES PONTIF, draped and cuirassed bust right / SECVRITAS PERPETVA, Minerva standing left, holding shield set on ground and inverted spear. RIC IV 330; BMCRE 459-62 (Septimius Severus); RSC 566. Toned. Good VF.

Ex Richard McAlee Collection.