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Æ34 - Trajan ΝΕΙΚΗ ϹΕΒΑϹΤΟΥ, ΑΡΜΕ (in exergue)

Issuer Koinon of Bithynia (Bithynia and Pontus)
Year 98-117
Type Standard circulation coin
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Reverse description Nike (Victory) standing left in flowing drapery, extending her right hand to crown a trophy with a wreath, while holding a palm branch in her lowered left hand. The trophy, composed of captured arms and armour, stands prominently to the right of the figure. The exergue carries the inscription ΑΡΜΕ, referencing Armenia as the subject of the imperial victory, with the main reverse legend occupying the field around the composition.
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Reverse lettering ΝΕΙΚΗ ϹΕΒΑϹΤΟΥ, ΑΡΜΕ (in exergue)
(Translation: Victory of Augustus, Armenia)
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Additional information

The ΑΡΜΕ exergue inscription references Armenia, tying this issue directly to Trajan's eastern campaigns — specifically the annexation of Armenia as a Roman province in 114 AD, one of the most aggressive territorial expansions in imperial history. The Koinon of Bithynia, a league of provincial cities granted the right to issue bronze coinage in the emperor's honor, produced pieces like this one as deliberate expressions of loyalty at a moment when Trajan's military prestige was at its peak. The Nike reverse legend reinforces that message explicitly.

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