Watch List notes:

Augustus (27 BC - 14 AD). AR Denarius. Uncertain Spanish mint (Colonia Patricia?), c. 19 BC. RIC I (2nd ed.) 86a. AR. 3.42 g. 18.50 mm. Delicate patina with warm hues. VF/Good VF. The clipeus virtutis, a shield of valor, was presented together with laurel branches to Octavian by the Roman Senate in January of 27 BC in commemoration of the Battle of Actium.