FAKE

Pescennius Niger. 193 AD. AR Denarius,  Antioch. 

IMP CAES C PESC NIGER IVST AVG Laureate, bearded head right. 
APOLLINI SANCTO, Apollo, nude, legs crossed, standing left, 
left hand on hips, right arm resting on column, holding 
laurel branch in his right hand. 

A fake. Copying RIC 22, 2a. BMC 74, 297. 

With kind permission of www.edgarlowen.com, Nov. 2011.
Identical fakes have in the past been sold by e.g.
Baldwins/Dmitry Markov/M&M at the New York Sale VII, Lot 
261. (Jan 2004) and the Bertolami Fine Arts ACR Auction 19, 
Lot 653 (Nov 2015).