Denarius - Hadrian P M TR P COS III LIBERAL AVG III, Liberalitas

The "Liberalitas" issues of Hadrian document his congiaria — direct cash distributions to the Roman populace, a tradition inherited from the Republic but transformed under the emperors into a calculated instrument of public goodwill. This third congiarium, struck in 120–121, followed Hadrian's consolidation of power after the executions of four senior senators early in Trajan's succession, a scandal he spent years managing politically. The cash gifts were part of that rehabilitation.

RIC II.3 313 belongs to the revised Hadrian corpus that substantially reorganized earlier RIC II attributions.