Watch List notes:

The Roman Empire

Trajan Decius, 249 – 251. Double sestertius 249-251, Æ 32.41 g. IMP C M Q TRAIANVS DECIVS AVG radiate and cuirassed bust r., with drapery on l. shoulder. Rev. FELICITAS SAECVLI S – C Felicitas standing l., holding caduceus and cornucopiae. C 39. RIC 115a. Kraay-Hiermer pl. 127, 462 (obverse). M.M. Bendenoun, A portrait of the JDL colletion, 83 (this coin).
Rare and undoubtedtly the finest specimen known. An extraordinary portrait, the work of
a very talented master engraver. Wonderful brown-reddish tone and good extremely fine

Ex M&M 8, 1949, 957; M&M 52, 1975, 733; Leu 22, 1979, 333; Vinchon November 1994, 460 (illustrated on the back cover page); Tradart 1995, 222 and NAC-Tradart 74, 2013, JDL part I, 318 (illustrated on the back cover page) sales. From the collection of Hans Berquin.
For an emperor who came to the throne through rebellion and inherited the overwhelming political, economic and military chaos of the age, it is remarkable that Trajan Decius had any interest in reforming the aes coinage. The brevity of his reign and the instability that followed the massacre of Decius' army by the Goths assured there was no easy path for his reform to take root. But even if Decius had ruled for a lengthy period, it likely would have failed, for the integrity of the coinage continued its precipitous slide. Indeed, by the reign of Decius the intrinsic value of the double-denarius had fallen enough for it to be practical to strike new double-denarii over Severan denarii without concern for a perceived reduction in value. Like his immediate predecessors, Decius continued to strike the sestertius in large quantities and the dupondius and as on a modest scale. However, he expanded the repertoire of aes coinage with a double-sestertius and a small copper piece, usually called a semis, but which may have been a reduced-weight as. His other numismatic creation was a series of double-denarii portraying eleven of Rome's deified emperors, from Augustus though Severus Alexander, which presumably was meant to celebrate the state religion, which included emperor worship. The novelty of the series – unparalleled by anything other than the 'restored' coinage of his adopted namesake, Trajan – seems a frivolous luxury in this difficult era. Perhaps even more interesting is his selection of emperors since, for example, he omits Claudius yet includes Commodus. Both choices defy explanation from a modern point of view, yet they likely reflected common opinion at the time.