Bare head of Augustus facing right on obverse; cippus inscribed with text in six lines on reverse

**Obverse:** Augustus, Rome's first emperor, had by 16 BC consolidated the powers that defined the Principate and was being honored by the Senate with increasingly elaborate public dedications.

**Reverse:** The cippus records a senatorial monument set up to commemorate Augustus's reduction of public financial burdens, one of several gestures of fiscal relief publicized on his coinage of this period.

**Reverse legend:** SPQR IMP CAE QVOD V M S EX EA P Q IS AD A DE, expanding to *Senatus Populusque Romanus Imperatori Caesari, quod viae munitae sunt ex ea pecunia quam is ad aerarium detulit*, "The Senate and People of Rome to Imperator Caesar, because the roads were paved with the money which he paid into the treasury."

Toned with some scratches under tone, slightly porous, flan crack

Denarius of AugustusRIC I 361

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