Watch List notes:

Caracalla Base Denarius. Possibly ancient forgery? Rome, AD 211. ANTONINVS PIVS AVG BRIT, laureate head to right / P M TR P XIIII COS III P P, Victory advancing to right on prow, holding wreath and palm. RIC IV 185; BMCRE 6 (Caracalla and Geta); RSC 188.

Very Fine; dramatic obverse double strike.

From a private European collection.

BMCRE suggests examples in base metal could be ancient forgeries.