Watch List notes:

BITHYNIA, Nicaea. Caracalla. AD 198-217. Æ (30mm, 11.83 g, 12h). Laureate and cuirassed bust right / Galley left with four oarsmen and pilot at stern; at prow, Serapis standing right holding scepter and raising right hand; at right, Caracalla seated left, holding patera and scepter, vexillum behind. RG 469; BMC 74. Glossy green patina, flan chip. VF. Very rare.

Ex Lanz 125 (28 November 2005), lot 882.