Watch List notes:

Caracalla, as Caesar, AR Denarius. Laodicea ad Mare, AD 197-198. M AVR ANTON CAES PONTIF, bare-headed, draped and cuirassed bust to right / SECVRITAS PERPETVA, Minerva standing to left, holding shield set on ground and inverted spear. RIC IV 330; BMCRE 459 (Septimius Severus); RSC 566. 3.85g, 18mm, 6h.

Extremely Fine; highly lustrous.

From a private UK collection.