Watch List notes:

Caracalla, 198-217. Denarius (Silver, 20 mm, 3.00 g, 12 h), Rome, 201. ANTONINVS PIVS AVG Laureate and draped bust of Caracalla to right, seen from behind. Rev. PART MAX PONT TR P IIII Trophy between two captives. BMC 262. Cohen 175. RIC 54b. Fresh and attractive. Extremely fine.