Roman Emperor Augustus. 27 BC-AD 14. AV Aureus (7.88 g, 6h). Spanish mint - Emerita. Struck 19-18 BC. AVGVSTVS, bare head right / S • P • Q • R across field, Victory flying facing, head left, wings spread, holding with both hands a round shield inscribed CL • V. RIC I -; Calicó 287; BMCRE -; BMCRR Rome -; BN -. Extremely rare type. 

Victory is holding the golden shield, the clypeus virtutis, that the Senate presented to Augustus in 26 BC.