1/2 Siliqua - Julius Nepos D N IVL NEPOS P F AVG, Ravenna

Julius Nepos was the last emperor of the Western Roman Empire with any meaningful claim to legitimacy — recognised by Constantinople, he seized the throne from Glycerius in 474 but was himself deposed by Orestes barely a year later and fled to Dalmatia. He remained there, technically emperor in exile, until his murder in 480. The Ravenna mint was still functioning under his brief Italian rule, though output was thin.

RSC 15a places this half siliqua among a handful of denominations struck for Nepos at Ravenna. At under a gram, these circulated in a monetary system already collapsing at its edges.