Watch List notes:

Septimius Severus Æ 40mm of Dionysopolis, Phrygia. AD 193-211. AVT • KAI • Λ • CЄΠT CЄOVHPOC ΠЄPTI NAΞ •, laureate, draped, and cuirassed bust to right / XAPHC B IЄPЄVC ΔIONVCO V, Dionysos seated to left, holding sceptre and cup with wine, panther at feet; ANЄΘH downwards in right field, KЄN upwards in left field. Von Aulock, Phrygiens, 136; CNG Triton XVI, 704 (inferior example - hammer: USD 2,200). 34.94g, 40mm, 6h.

Very Fine. Exceptionally Rare; just the second specimen to be sold at public auction in at least a decade.

From the collection of a Romanophile;
Ex Roma Numismatics Ltd., Auction IV, 30 September 2012, lot 2245;
Ex Bertolami Fine Arts - ACR Auctions, Auction 5, 14 May 2012, lot 598.