How would you manage this red nodule on the shin?

In this week's case discussion, submitted by Dr John O'Bryen, we discuss a 60-year-old male patient who presents for a skin check. 

A red nodule is noticed on the patient's shin, but he is not concerned as he has had it for many years.

What is your diagnosis, and what would you do next?

Update

This lesion was diagnosed as an angioma. 

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