Watch List notes:

Gratian, 367-383. Follis (Bronze, 17 mm, 2.51 g, 6 h), Rome, 367-375. D N GRATIANVS P F AVG Pearl-diademed, draped and cuirassed bust of Gratian to right. Rev. SECVRITAS REI PVBLICAE / SM(leaf)R[officina letter] Victory advancing left, holding wreath in her right hand and palm frond in her left. RIC 24c. Struck on a slightly short flan, otherwise, extremely fine.