Tremissis in the name of Julius Nepos Ravenna mint

Julius Nepos was the last legitimately appointed Western emperor — recognized as such by Constantinople — yet he never recovered Italy after Orestes expelled him in 475, ruling the remainder of his life from Dalmatia until his murder in 480. That the Ravenna mint continued striking tremisses in his name during this period almost certainly reflects the political calculations of whoever controlled the mint rather than any loyalty to the exile. Odoacer, who deposed Romulus Augustulus in 476, had every reason to maintain Nepos's name on coinage: Constantinople still regarded Nepos as the rightful ruler, and offending the East was not yet in Odoacer's interest.