Augustus. 27 BC-AD 14. AR Denarius (19mm, 3.69 g, 5h). Uncertain Spanish mint (Colonia Patricia?). Struck 19-18 BC. CAESAR AVGVSTVS, head right, wearing oak wreath / Victory flying right, holding wreath over shield inscribed CL • V; column in background, S • P • Q • R flanking. RIC I 45; RSC 289. VF, broad flan, circular banker's mark on obverse. Very rare.
This is one of a series of Spanish mint issues honoring Augustus for receiving the Clipeus Virtutis, or "shield of virtue," awarded by the Senate for his "courage, clemency, justice and piety" in (provisionally) restoring the Republic. Unlike most other issues in the Clippeus Virtutis series, this particular variety exceedingly rare. CNG has not offered another example of the type in more than 30 years.