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Antoninianus - Diocletianus PAX AVGG, Pax

Issuer Roman Imperial Mint
Year 295-293
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Value Antoninianus (1)
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Reverse description The personification of Pax (Peace) depicted as a draped female figure standing to the left, holding an olive branch extended in her right hand and a long vertical sceptre in her left hand. The figure is rendered in the conventional allegorical style of late Roman imperial coinage, with flowing drapery. The legend PAX AVGG encircles the field, referencing the peace shared by two Augusti of the Tetrarchy. A mint-control mark appears in the exergue, with either the letter A or B recorded for this type.
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Reverse lettering PAX AVGG -/-//A
(Translation: Pax Duorum Augustorum. Peace of the two emperors (Augusti).)
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Additional information

Diocletian's monetary reforms of 294 AD overhauled a coinage system that had collapsed under decades of debasement — the antoninianus itself had fallen from a nominal billon coin to little more than a bronze piece with a thin silver wash. This issue predates the full reform, placing it in the final years of the old system before the introduction of the nummus effectively retired the denomination entirely.

RIC V.2 #70C is a scarce variant within the type. The OCRE reference confirms limited die survival across recorded specimens.

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