Watch List notes:

Caracalla Æ 30mm of Trajanopolis, Thrace. AD 198-217. AYT K M AYPH ANTΩNЄINOC, laureate bust to right, slight drapery on far shoulder / TPAIANOΠOΛЄITΩN, emperor, in military attire, standing to right, holding sceptre and parazonium and with foot on captive; trophy and further captive to right. Varbanov 2813 corr. (bust type - same dies as illustration - R6). 17.59g, 30mm, 1h.

Good Very Fine. Exceedingly Rare; rated R6 by Varbanov, no other examples of the type on CoinArchives.

From the collection of a Romanophile;
Ex Roma Numismatics Ltd., Auction IV, 30 September 2012, lot 2281;
Ex Bertolami Fine Arts - ACR Auctions, Auction 4, 5 December 2011, lot 192.