Watch List notes:

Caracalla, as Caesar, Æ 18mm of Nicopolis ad Istrum, Moesia Inferior. AD 198-217. M AVP KAI ANTΩNIN, bare head to right / NIKOΠOΛIT ΠPOC ICTP, Apollo standing to left, holding patera and laurel-branch. H&J, Nikopolis 8.18.7.5; AMNG 1491; Varbanov 2968 var. (legends). 2.61g, 18mm, 8h.

Extremely Fine. Extremely Rare.

Ex Z.P Collection, Austria, Roma Numismatics Ltd., E-Sale 78, 17 December 2020, lot 846.