Watch List notes:

The Roman Empire

Octavian, 32 – 27 BC. Denarius, Brundisium or Roma 29-27 BC, AR 3.89 g. Helmeted head of Mars r. Rev. Round shield with eight-rayed star at centre, set on sword and spear in saltire. C 44 var. (shield inscribed CAESAR). RIC 274 var.
A rare variety without the inscription on the shield. Old cabinet tone and very fine

Ex Bankhaus H. Aufhäuser 15, 2000, 276 and Gorny & Mosch 147, 2006, 1948 sales.