Watch List notes:

MIGRATION PERIOD, Pannonia. Uncertain Germanic Tribe. Circa 4th century AD. Fourrée Solidus (22.5mm, 2.67 g, 12h). Imitating a Mediolanum mint solidus of Arcadius or Honorius. DIIVVDIIDII[...]I(retrograde S)DΛVΛC, pearl-diademed, draped, and cuirassed bust right / VICIOVV ΛVIICCC, emperor standing right, holding labarum and Victory on globe, foot on captive; II|D//COIIOI. Cf. RIC 1205b (Arcadius) and 1206 (Honorius) (for prototype); cf. CNG E-453, lot 669 (for a similar example of Diocletian). Earthen deposits in devices, chipped and bent at edges, revaling bronze core. VF. Rare.