Watch List notes:

Septimius Severus, with Caracalla, Æ 26mm of Nicopolis ad Istrum, Moesia Inferior. AD 193-211. AY K Λ CЄΠ CЄYHPOC Π AY K M AYPH ΑΝΤΩΝΙΝ, confronted busts of Septimius, laureate, draped and cuirassed on left, and Caracalla, laureate, draped and cuirassed on right / [ΥΠΑ ΟΟΥ ΤΕΡΤ]ΥΛΛΟΥ ΝΙΚΟΠΟ ΠΡΟC [Ι] around laurel wreath, ΕΥ ΤΥXΩC ΤΟΙC ΚΥ ΡΙΟΙC written in four lines within. Varbanov 2828 var. (rev. legend). 11.04g, 26mm, 2h.

Very Fine. Extremely Rare; only two other examples on CoinArchives.

From a private European collection.