IMP
TRAIANO AVG GER DAC P M TR P COS VI P P (Translation: Imperator Traiano Augustus, Germanicus, Dacicus, Pontifex Maximus, Tribunicia Potestate, Consul Sextum, Pater Patriae. Supreme commander (Imperator), of Trajan, emperor (Augustus), conqueror of the Germans, conqueror of the Dacians, high priest, holder of tribunician power, consul for the sixth time, father of the nation.)
Reverse description
Virtus standing right, holding spear and parazonium, facing Felicitas holding caduceus and cornucopiae.
Reverse script
Latin
Reverse lettering
VIRTVTI
ET FELICITATI (Translation: Virtuti Et Felicitati. Valour and felicity.)