Watch List notes:

Gratian BI 24mm. Cyzicus, AD 378-383. D N GRATIANVS P F AVG, helmeted, pearl-diademed, draped and cuirassed bust to right, holding spear and shield / GLORIA ROMANORVM, emperor standing facing on galley, head to right, raising right hand; Victory at helm; wreath in left field, SMKA in exergue. RIC IX 14a.1. 5.62g, 24mm, 2h.

Near Extremely Fine.

Ex Roma Numismatics Ltd., E-Sale 36, 27 May 2017, lot 835.