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Vespasian

Vespasian. AD 69-79. AR Denarius (18mm, 3.32 g, 6h). Ephesus mint. Struck AD 69-70. IMP • CAES VESPAS • AVG, laureate head right / CONCORDIΛ ΛVG, Ceres seated left on ornate, high-backed chair, holding poppy and grain ears in right hand and cornucopia in left; sideways (Φ) in exergue. RIC II.1 1400 (this coin cited and illustrated); RPC II 809; RSC 65c; cf. BMCRE 434A. Ex. Roma XVIII, lot 1117, 09/29/ 2019. Ex. Gorny & Mosch 126, lot 2325, 10/14/2003. Ex. CNG Triton XXVI, lot 732, 01/11/2023.

Emperor Vespasian, born Titus Flavius Vespasianus on November 17, 9 AD, ascended to power in 69 AD and ruled until his death in 79 AD. Known as the founder of the Flavian dynasty, Vespasian rose to prominence amid the chaos of the Year of the Four Emperors, which saw a rapid succession of leaders following Nero's death and left Rome politically unstable. Vespasian’s ascent marked the beginning of a period of restoration and reform that would stabilize the Roman Empire and restore confidence in its governance.

A capable military leader, Vespasian gained favor through his successful campaigns in Britain and Judea, particularly his efforts to quell the Jewish revolt in Judea. It was during this campaign that he received news of his acclamation as emperor by his troops, and with the support of Egypt and Syria, he marched on Rome to claim the throne. Once in power, Vespasian focused on consolidating his rule and restoring Rome’s financial and administrative stability, which had been severely strained by civil wars and Nero’s extravagant spending.

One of Vespasian's most notable accomplishments was his commitment to economic reform. He enacted new taxes, including the famous urine tax, to replenish the depleted treasury. Vespasian’s fiscal policies and focus on practical governance allowed for extensive public works projects, including the construction of the iconic Colosseum, originally known as the Flavian Amphitheater. This structure not only showcased Rome’s architectural prowess but also served as a symbol of unity and entertainment for the Roman populace.

Vespasian was known for his pragmatism, humor, and down-to-earth demeanor, which helped to rebuild the trust of the Roman people and Senate. He also promoted efficient provincial governance, reducing corruption and appointing competent administrators. His leadership and reforms established a legacy of stability, setting the stage for the prosperous rule of his sons, Titus and Domitian, and bringing about a lasting era of relative peace in the Empire.

Coins of Vespasian are fairly common compared to those of his predecessors in the Year of the Four emperors. Broadly speaking his denarii come in two portrait styles: the austere style of the Western mints and the "rotund" style of the Eastern mints. This coin is one of the latter. Both the obverse and reverse dies are of excellent quality and style, and this coin is a Choice example with a full and well-centered strike. Light iridescent toning highlights Vespasian's feature on the obverse.

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