2 Tram - Leo I

Leo I secured Cilician Armenia's elevation from a principality to a kingdom in 1198 through careful political maneuvering with Holy Roman Emperor Henry VI, and the royal coinage issued immediately after his coronation was a deliberate broadcast of that new status. The tram series he introduced drew on both Byzantine and western crusader monetary conventions — a calculated visual diplomacy aimed at legitimizing trade with Latin neighbors while asserting independence from Constantinople.

AC 314 is among the more frequently cited references for this type, but collector copies attributed to CCA 40 sometimes show meaningful die variation in the Armenian inscription placement.