Denarius - Augustus S P Q R CL V, Victory

This denarius belongs to the coinage issued following Augustus's diplomatic recovery of the standards lost by Crassus at Carrhae in 53 BC and by subsequent commanders — a humiliation Rome had nursed for over three decades. The return of the standards in 19 BC required no military campaign; the Parthian king Phraates IV handed them over under political pressure, but Augustus and his mint masters presented the event as a triumph regardless.

RIC I 92 is associated with the Spanish mint at Colonia Patricia, active during this period as Augustus spent considerable time in the western provinces.