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Denarius - Trajan P M TR P COS IIII P P, Victory

Issuer Roman Imperial Mint
Year 101-102
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Value 1 Denarius
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Reverse description The winged goddess Victoria is depicted advancing to the left in dynamic stride, her robes billowing about her figure in the fluid drapery style common to Trajanic die-cutters. In her extended right hand she holds a wreath, symbol of triumph, while her left hand carries a long palm branch resting against her shoulder, the traditional emblem of victory. The legend encircles the field in two registers around the periphery of the flan, referencing Trajan's principal constitutional titles at the time of issue. The overall composition conveys an unmistakable message of military triumph, alluding to the successful First Dacian War.
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Mintage ND (101-102)
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Issued during the preparatory phase of Trajan's first Dacian campaign, this denarius falls within the run-up to full-scale war against Decebalus — a conflict Trajan had been engineering since 99 AD through road construction along the Danube and the reinforcement of frontier garrisons. The COS IIII dating places production firmly in 101–102, coinciding with the first crossing of the Danube via the pontoon bridge at Drobeta.

RIC II 60 is well-attested across hoards from the Danubian provinces, unsurprisingly given the massive military pay requirements of that campaign.

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