Gratian, AE4. Rome mint. AD 379-383. 14mm, 1.27 g.

DN GRATIA-NVS PF AVG, pearl diademed, draped, cuirassed bust right.
VICTORIA AVGGG, Victory walking left, holding wreath
and palm branch.
No mintmark.

RIC IX Rome 30; LRBC 740.
Very rare. Rated R4.

With permission of cngcoins.com, May 2010
Estimate $200.