Denarius - Augustus IMP CAESAR DIVI F, Victory

Struck in the immediate aftermath of Actium, this denarius belongs to the brief window between Octavian's defeat of Antony and Cleopatra in 31 BC and his formal acceptance of the title Augustus in 27 BC. The Victory type directly commemorates that naval engagement — the decisive battle that ended a generation of Roman civil war and left Octavian the sole power in the Mediterranean world. These were almost certainly military issues, produced to pay troops rather than circulate through civilian markets.

RIC I 535 is attributed to an uncertain mint, possibly a traveling military workshop following Octavian's campaigns in the east.