Denarius - Augustus CAESARI AVGVSTO

This issue belongs to the coinage Augustus had struck to commemorate the diplomatic recovery of the Roman standards lost to Parthia at Carrhae in 53 BC — a humiliation that had festered for over three decades under Caesar, Antony, and Augustus himself. The return was achieved not by war but by negotiation in 20 BC, yet Augustus exploited it relentlessly as a propaganda victory equivalent to military conquest. The mint operating under his authority at this period was likely Lugdunum, though attribution of the mobile Augustan mints of the late first century BC remains contested among specialists.