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As - Trajan IMP CAES NERVAE TRAIANO AVG GER DAC PM TR P COS V P P

Issuer Roman Empire (27 BC - 395 AD)
Year 98-117
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Currency Denarius, Reform of Augustus (27 BC – AD 215)
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Reverse description Laureate bust of Emperor Trajan facing right, draped on the left shoulder, set within a continuous Latin legend along the coin's circumference enclosed by a beaded border. The portrait is rendered in the confident, realistic style typical of Rome's mint output under Trajan, with the laurel wreath clearly defined atop tightly curled hair. The drapery falling over the left shoulder distinguishes this reverse bust type from the bare-shouldered obverse variant. The plain field frames the bust without additional devices or exergual markings.
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Reverse lettering IMP CAES NERVAE TRAIANO AVG GER DAC PM 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.)
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Additional information

Trajan's Dacian wars — two separate campaigns fought between 101–102 and 105–106 AD — ended with the annexation of Dacia as a Roman province, an outcome celebrated obsessively across his coinage and most visibly preserved today in Trajan's Column. The DAC in this obverse legend dates the coin to after the second Dacian triumph, awarded in 107 AD. The fifth consulship narrows the window further: COS V ran from 103 onward.

Bronze aes coinage under Trajan was struck in quantity at Rome to supply a cash economy expanding with Dacian gold — the Transylvanian mines reportedly funded much of his subsequent building program.

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