Watch List notes:

Caracalla. AD 198-217. AR Denarius. Rome mint. Struck late AD 203. Laureate and draped bust right / Dea Caelestis, riding right on lion, holding scepter and thunderbolt; below, water gushing left from rocks. RIC IV 130a; RSC 97. In NGC encapsulation 5746887-015, graded AU.

Ex Heritage 232048 (25 November 2020), lot 64176.