Watch List notes:

Honorius. 393-423 AD. Solidus, 4.43g (12h). Thessalonica, 408-420 AD. Obv: D N HONORI - VS P F AVG Pearl-diademed, helmeted, cuirassed bust three-quarters front, holding spear over right shoulder, shield by left shoulder decorated with standing, facing figure of Victory holding up two wreaths. Rx: CONCORDI - A AVGG Constantinopolis, helmeted, seated front, head right, placing right foot on prow and holding scepter and Victory on globe; star in left field, COMOB in exergue. RIC 348 (R4), pl. 15 (apparently this coin). Depeyrot 47/1, p. 226 (2 spec.). Hahn 52b. A surprising and very rare variant in this otherwise mundane series. Beautifully struck from fresh dies. Mint State

Ex Gemini I, 11-12 January 2005, lot 481. Ex Triton IV, 5 December 2000, lot 731

This rare solidus is from Thessalonica's first issue of solidi under Theodosius II, distinguished by the Victory holding two wreaths on the emperor's shield