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Denarius - Augustus CAESAR AVGVSTVS S P Q R CL V

Issuer Roman Empire (27 BC - 395 AD)
Year 19 BC - 18 BC
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Value 1 Denarius
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Reverse description Central oak wreath enclosing the inscription CL V (clipeus virtutis, the Shield of Virtue) within a circular frame, flanked on either side by upright laurel branches. The legend CAESAR in the upper field and AVGVSTVS in the lower field is divided by S P Q R (Senatus Populusque Romanus) arranged laterally across the central register, with S and P to the left and Q and R to the right of the central device. The design commemorates the golden shield awarded to Augustus by the Senate in 27 BC for his virtus, clementia, iustitia, and pietas. The composition is bold and symmetrical, with crisp lettering in a neat epigraphic style.
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Reverse lettering CAESAR AVGVSTVS S P Q R CL V
(Translation: Caesar Augustus.)
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Additional information

This issue belongs to a group of coins struck under the authority of the Senate — the S P Q R in the legend signals an unusual delegation of minting privilege rarely seen in Augustan coinage. The CL V abbreviation references the *clipeus virtutis*, the golden shield awarded to Augustus by the Senate in 27 BC, inscribed with the four virtues: *virtus*, *clementia*, *iustitia*, and *pietas*. That award was itself a political negotiation — a face-saving gesture allowing Octavian to project restored republican legitimacy while consolidating autocratic power.

RIC I 36A places this among a small series from the Spanish mints, likely Colonia Patricia.

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