IMP
CAES NERVAE TRAIANO AVG GER DAC P M TR P COS V P P (Translation: Imperator, Caesar, Nervae Traiano Augustus, Germanicus, Dacicus, Pontifex Maximus, Tribunicia Potestate, Consul Quintum, Pater Patriae. Supreme commander (Imperator), Caesar, of Nerva Trajan, emperor (Augustus), conqueror of the Germans, conqueror of the Dacians, high priest, holder of tribunician power, consul for the fifth time, father of the nation.)
Reverse description
Pax, draped, standing left, holding branch out and downwards in right hand and cornucopiae in left; her right foot treading down Dacian whose head and shoulders only are seen.
Reverse script
Latin
Reverse lettering
S P Q R
OPTIMO PRINCIPI S C (Translation: Senatus Populusque Romanus Optimo Principi. Senatus Consultum. The senate and the Roman people to the best of princes. Decree of the senate.)