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Argenteus - Valens VIRTVS EXERCITVS, Nicomedia

Issuer Roman Imperial Mint, Nicomedia
Year 367-375
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Shape Round (irregular)
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Obverse script Latin
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Reverse description Three military standards displayed upright and side by side, each topped with a domed or pointed finial and decorated with a series of horizontal transverse bars and round pellets descending the shaft, the whole set upon a ground line. The central standard is the tallest and most ornate, flanked by two slightly shorter outer standards of comparable design. The legend VIRTVS EXERCITVS runs around the periphery of the field, and the exergue bears the mint mark SXXI, indicating the Nicomedia mint officina.
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Valens co-ruled the eastern empire under an arrangement formalized after the death of Jovian in 364 AD, with his brother Valentinian I taking the west. The argenteus revival under the Valentinianic dynasty was a deliberate reassertion of silver coinage at a moment when the monetary system had been badly degraded by decades of debased antoniniani. Nicomedia was the logical mint for Valens — it sat close to the eastern frontier and served as an administrative hub for campaigns against the Goths and Persians alike.

Valens would die at Adrianople in 378, just three years after this issue ceased.

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