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Denarius - Augustus S· P·Q·R· CL·V, Victory

Issuer Roman Empire (27 BC - 395 AD)
Year 19 BC - 18 BC
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Value 1 Denarius
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Obverse script Latin
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Reverse description Victory, depicted as a winged female figure in flowing drapery, flying left and holding a wreath in her outstretched hands above a large round shield (clipeus) inscribed CL·V, with a column rising in the background. The legend S·P·Q·R· is disposed around the field, referencing the dedicatory authority of the Senate and People of Rome. The composition commemorates the presentation of the Clipeus Virtutis, a golden shield awarded to Augustus by the Senate in 27 BC, as recorded by ancient sources. A beaded border frames the entire reverse design.
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Additional information

This denarius belongs to a group struck under the authority of the Senate — the S·P·Q·R· inscription marking it as an emission sanctioned by senatorial decree rather than issued directly under Augustus's personal authority, a distinction that carried real political weight during the delicate constitutional settlement of the 20s BC. The Victory type connects directly to the recovery of the Parthian standards in 20 BC, a diplomatic triumph Augustus leveraged as a military victory for propaganda purposes. Coins celebrating that event flooded the western empire almost immediately.

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