As - Tiberius IMP T CAES DIVI VESP F AVG RESTITVIT

This as belongs to Titus's restitution series, issued in 80–81 AD to re-strike worn or damaged Tiberian bronzes still circulating nearly half a century after Tiberius's death. The program was almost certainly a response to the acute bronze shortage that followed the eruption of Vesuvius in 79 AD, which devastated the regional economy and disrupted normal coin supply across Campania. Titus moved quickly — the restitution issues began within months of his accession.

RIC II.1 434 is among the more frequently encountered of the Tiberian restitutions, suggesting the original Tiberian as type was common enough to supply the re-striking dies in quantity.