Watch List notes:

Gaius (Caligula), with Germanicus. AD 37-41. AR Denarius (18mm, 3.83 g, 6h). Lugdunum (Lyon) mint. 2nd emission, 1st phase, late AD 37. C • CΛESΛR • ΛVG • GERM • P • M • TR • POT •, bare head of Gaius (Caligula) right / GERMΛNICVS • CΛES • P • C • CΛES • ΛVG • GERM, bare head of Germanicus right. RIC I 12; Lyon 165 (unlisted dies); RSC 4 (Caligula and Germanicus); BMCRE 12-13; BN 15-16; Mazzini 4 (Germanicus and Caligula). Attractively toned, a few shallow marks and surface flaws. Near EF. Two bold portraits.

From the Thomas A. Palmer Collection. Ex Berk BBS 71 (28 May 1992), lot 232.