Watch List notes:

Caracalla Caesar, 196-198. Denarius (Silver, 18 mm, 3.64 g, 10 h), struck under Septimius Severus, Laodicea ad Mare, 197-198. M AVR ANTON CAES PONTIF Bare-headed, draped and cuirassed bust of Caracalla to right. Rev. SECVRITAS PERPETVA Minerva standing left, holding shield in right hand and spear in left. BMC 459. Cohen 566. RIC 330 (Septimius). Dark toning. Good very fine.

From the Berliner collection, formed between 1970s and 2000s.