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1/4 Siliqua In the name of Justin I and Theoderic, Sirmium, regular S with angled bust

Issuer Gepid Kingdom
Year 518-526
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Composition Silver
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Obverse script Latin
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Reverse description Central field dominated by the elaborate monogram of Theoderic, composed of interlaced letters in the Ostrogothic-Gepid tradition, surmounted by a cross above. The monogram is enclosed within a beaded border and surrounded by the Latin legend reading INVICTA ROMANI, referencing the invincibility of Rome. The overall composition reflects the political ideology of barbarian rulers legitimizing their authority through Roman imperial imagery.
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Additional information

Theoderic's arrangement with Justin I after 518 was diplomatically awkward — the new emperor in Constantinople had no particular reason to ratify Ostrogothic authority in the West, and relations deteriorated steadily until Theoderic's death in 526. That this Gepid issue invoking both names was struck at Sirmium, a strategically contested city the Gepids controlled as nominal Ostrogothic federates, tells you something about the layers of legitimacy being performed here. The coin exists not as currency in any straightforward sense but as a political declaration minted in silver.

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