IMP
TRAIANO AVG GER DAC P M TR P COS V P P (Translation: Supreme commander (Imperator), of 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
Trajan riding right and aiming spear at Dacian.
Reverse script
Latin
Reverse lettering
S P Q R
OPTIMO PRINCIPI (Translation: The senate and the Roman people to the best of princes.)