Watch List notes:

UNCERTAIN GERMANIC TRIBES, Northern Italy. Pseudo-Imperial coinage. Uncertain. Circa early to mid 5th century. AR Siliqua (17mm, 0.82 g, 12h). Imitating a Mediolanum mint issue of Honorius. D N HONORI VS P I- AVC, pearl-diademed, draped, and cuirassed bust righ / VIOTVИIIO MΛOAVIIV, schematized Roma seated left on cuirass, holding Victory on globe and reversed spear; (inverted M)PPS. Cf. RIC X 1228; cf. RSC 59†b (both refs for official issue). Iridescent toning. Good VF. Extremely rare.

From the Liggett Collection.