IMP
CAES NERVA TRAIAN AVG GERM DACICVS P M (Translation: Imperator Caesar Nerva Traianus Augustus, Germanicus, Dacicus, Pontifex Maximus. Supreme commander (Imperator), Caesar, Nerva Trajan, emperor (Augustus), conqueror of the Germans, conqueror of the Dacians, high priest.)
Reverse description
Trajan accepting shield from kneeling Dacian.
Reverse script
Latin
Reverse lettering
IMP
IIII COS IIII DES V P P S C (Translation: Imperator Quartum, Consul Quartum, Designatus Quintum, Pater Patriae, Senatus Consultum. Supreme commander (Imperator) for the fourth time, consul for the fourth time, elect for the fifth time, father of the nation, decree of the senate.)