Watch List notes:

Honorius. AD 393-423. AV Solidus (21mm, 4.52 g, 12h). Mediolanum (Milan) mint. Struck AD 397-402. Pearl-diademed, draped, and cuirassed bust right / Honorius standing right, foot on captive, holding labarum and Victory on globe; M|D//COMOB. RIC IX 35c = RIC X 1206a; Toffanin 486/2; Depeyrot 16/2; Biaggi 2320. Lustrous, some light marks on edge. EF.

From the Conti Collection. Ex Roma XIII (23 March 2017), lot 993.