Watch List notes:

MACEDON. Thessalonica. Caracalla, 198-217. (Bronze, 30 mm, 13.31 g, 7 h), circa 198-211. AYK M AYP AN-TΩNEINOC Laurate, draped and cuirassed youthful bust of Caracalla to right. Rev. ΘΕCCΑΛ-Ο-ΝΙΚΕΩΝ Nike advancing left, holding wreath in upraised right hand and palm branch in left. Varbanov 4396. Brown patina. Very fine.