Watch List notes:

Trajan. AD 98-117. Æ Sestertius (34mm, 26.41 g, 7h). Rome mint. Struck AD 98-99. Laureate bust right, wearing aegis / Congiarium (cash distribution) scene: Trajan seated left on curule chair set on platform on right, extending right hand in front of him on a second platform is an officer seated left, and before him, a man standing right, holding out fold of toga; to left, citizen mounting steps to the second platform; in background, Liberalitas standing holding abacus in right hand. RIC II 381; Woytek 64c; Banti 43. Glossy brown patina, smoothing in fields. Near EF. Rare, particularly so in high grade.

Shortly after his first entry into Rome as emperor in early AD 99, Trajan staged a congiarium, or cash distribution, to solidify his position as successor to the aged, and somewhat parsimonious, Nerva. This distribution, depicted on this sestertius, reportedly amounted to 75 silver denarii or 300 sesterces per citizen-- in modern terms, equivalent to roughly $1,500. After the huge financial windfall occasioned by the Dacian wars, Trajan held two further congiaria, this time amounting to the princely sum of 650 denarii (roughly $13,000) per citizen. These distributions can be thought of as an ancient version of the modern "stimulus check,' as recently offered by the U.S. government in the form of pandemic relief.