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1/4 Siliqua In the name of Anastasius I and Theoderic, Sirmium, bust facing left

Issuer Gepid Kingdom
Year 491-518
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Value 1/4 Siliqua
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Obverse description Crude, lightly struck bust of Emperor Anastasius I facing left, depicted in pearl diadem, draped and cuirassed in the late Roman imperial tradition. The effigy is rendered in a barbarous, somewhat schematic style characteristic of Gepid imitative coinage. The bust is encircled by a Latin legend naming the emperor in debased lettering. The overall execution reflects the provincial workshop's adaptation of Byzantine prototypes.
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Edge Plain
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After Theoderic's Ostrogoths displaced the Gepids from Sirmium in 504, the city passed through competing hands with startling speed — yet coinage continued to flow in the names of whoever held nominal legitimacy. This piece invokes both Anastasius I in Constantinople and Theoderic, a pairing that reflects the careful fiction of Ostrogothic rule as imperial delegation rather than conquest. The Gepid attribution remains debated among specialists; some assign these fractions to Ostrogothic Sirmium directly, and the question of which workshop struck them has not been conclusively settled.