Watch List notes:

Caracalla. As Caesar, AD 196-198. AR Denarius (16.5mm, 3.44 g, 6h). Rome mint. Struck AD 197-198. Bareheaded and draped bust right / Caracalla standing left, holding baton and spear; to right, trophy. RIC IV 13a; RSC 505a. Toned, struck on a compact flan. Good VF.