Watch List notes:

MACEDON. Thessalonica. Caracalla, 198-217. (Bronze, 20 mm, 5.98 g, 12 h). ΑΥT Κ Μ ΑΥΡ ΑΝΤΩΝΙΝΟϹ Laureate and draped bust of Caracalla to right. Rev. ΘEC-CAΛO-NIKE-ΩN in four lines; all within wreath with ties below. Varbanov 4391. Extremely Rare. Only one example on CoinArchives. With a charming portrait of Caracalla. About very fine.

From the Orca collection, USA.