Watch List notes:

Caracalla, 198-217. Denarius (Silver, 18 mm, 3.16 g, 12 h), Rome, 201-206. ANTONINVS PIVS AVG Laureate and draped bust of Caracalla to right, seen from behind. Rev. ADVENT AVGG Galley with five oarsman to left; at stern, three figures (Septimius Severus, Caracalla and Geta) seated under arch with two signa atop; at prow, vexillum. BMC 267. Cohen 3. RIC 120. A beautifully toned example with a fine portrait. Good very fine.