★ Virtually as struck ★

Honorius, 393-423. Solidus (Gold, 21 mm, 4.43 g, 12 h), Thessalonica, 395-402. D N HONORI-VS P F AVG Pearl-diademed, helmeted and cuirassed bust of Honorius facing, his head turned slightly to right, holding spear in his right hand and with a shield, decorated with a horseman spearing a fallen foe, over his left shoulder; on breastplate, a cross. Rev. CONCORDI-A AVGG / COMOB Constantinopolis, helmeted and head to right, seated facing on throne, holding scepter in her right hand and Victory on globe in her left and placing her right foot on a prow. Depeyrot 45/2. RIC 38. Rare. A lustrous, clear and sharply struck example. Minor cut on the edge, otherwise, virtually as struck.

From a Bavarian collection of late Roman gold coins, formed in the early 2000s, ex Gitbud & Naumann E-Auction 1, 10 March 2013, 325.