Watch List notes:

THRACE. Philippopolis. Commodus, 177-192. Assarion (Bronze, 20 mm, 4.11 g, 12 h). ΑΥ ΚΑΙ Μ ΑΥΡ ΚΟΜΟΔΟϹ Laureate head of Commodus to right. Rev. ΦΙΛΙΠΠΟΠΟΛΕΙΤΩΝ. RPC IV -. Varbanov -. Naumann 37 (2015), 403 (same dies). Extremely Rare. Seemingly unpublished. Only one example in CoinArchives. Nicely centered, and with a delightful portrait of Commodus. Very fine.

From the Orca collection, USA.