Watch List notes:

Gratian BI 18mm. Siscia, AD 367-375. D N GRATIANVS P F AVG, pearl-diademed, draped and cuirassed bust to right / GLORIA ROMANORVM, emperor advancing to right, dragging bound captive and holding labarum; F in left field, R above monogram in right field, ΔSISCVE in exergue. RIC IX 14c. 2.52g, 18mm, 12h.

Near Mint State; well-centred. Scarce.

From the collection of a Romanophile;
Ex Roma Numismatics Ltd., E-Sale 63, 7 November 2019, lot 1056.