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<p>[QUOTE=&quot;Original Skin Coins, post: 24630817, member: 80261&quot;]A Philip I denarius is coming up for auction next week! </p><p><br /></p><p>[ATTACH=full]1566777[/ATTACH]</p><p><br /></p><p>Some info from the listing below, including context on how/when Philip minted denarii. Will be interesting to see how much this one goes for. </p><p><br /></p><p>Philip I AR Denarius. Rome, AD 244-247. IMP M IVL PHILIPPVS AVG, laureate, draped and cuirassed bust to right / ADVENTVS AVGG, emperor on horseback advancing to left, raising hand and holding spear. RIC IV 26a; RSC 5. 3.56g, 21mm, 6h.</p><p><br /></p><p>Extremely Fine. Extremely Rare; only one other example of this type has been offered at auction in the past 20 years (Lanz 109, May 2002, lot 738 [hammer: EUR 6,000]).</p><p><br /></p><p>Ex Heritage World Coin Auctions, ANA Signature Sale 3101, 25 August 2022, lot 34107.</p><p><br /></p><p>Maximinus I (235-238) was the last reigning emperor to have struck the denarius as the principal silver denomination intended for regular circulation. The reign of his successor Gordian III (238-244) saw the &#039;Antoninianus&#039; or double-denarius become, virtually overnight, the mainstay of the Roman currency, due to the inflationary pressures of the early third century in part caused by ever greater military expenditure and associated successive debasements of the coinage. The denarius, though not yet relegated to the status of a mere unit of account, was now a critically endangered species.</p><p><br /></p><p>Issued sporadically throughout the reign of Gordian III, mass production of the denarius came to an end with the fourth issue at Rome in 241-243. By the time of Philip I&#039;s accession in 244 the common use of the Antoninianus was well entrenched; Philip himself issued only three denarius types, ADVENTVS AVG (RIC IV 26a), PIETAS AVGG (RIC IV 43a) and SECVRIT ORBIS (RIC IV 48a). Of these, the first two may securely be said to represent ceremonial coins produced for the arrival of Philip at Rome in the late summer of 244, and for the elevation of his son Philip II to the rank of co-Augustus in 247. A possible occasion for the third type may be found at the beginning of Philip&#039;s reign in early 244, when he was required to negotiate peace with Shapur I of the Sasanian Empire in order to return to Rome to secure his position.[/QUOTE]</p><p><br /></p>

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