Watch List notes:

THRACE, Pautalia. Septimius Severus. AD 193-211. Æ Tetrassarion (30.5mm, 23.50 g, 6h). C. Aelius Oneratus, hegemon. Laureate and cuirassed bust right / Eagle standing right on thunderbolt, head left with wreath in beak, wings displayed. Tachev Pautalia 3 (O:1/R:3); cf. Ruzicka 261; Varbanov 4650 (same dies). Brown patina, scrapes on obverse. Near VF. Extremely rare, only one specimen known to Tachev, the second known.

Ex Berk BBS 216 (27 July 2021), lot 471.