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Otho minted three separate issues. The first and second issues followed Galba's standard of 90% silver. Otho's third issue was debased to 80% silver. All coins of the third issue share the reverselegendPONT MAX, perhaps to make it easy to distinguish the debased coins. One might think our rare coin is a reverselegend error for Otho's third issue, PONT MAXCerestype. However, as Butcheret al. have shown, this is not the case. If CERES AVG was a simple reverselegend error, the flan would be 80% silver. This CERES AVGtype was struck in a second issue of 90% silver flans, probably during planning for the third issue, and perhaps only for testing. The type was apparently not distributed, and was withdrawn, and melted when it was decided to debase the coinage and use the PONT MAXlegend. It appears a small number were released, most likely by mistake.
RS85563. Silver denarius, Muona Otho 10b; Butcher-Ponting-Muona 6; ANSCD 1958.217.1; BnF III 1; RIC I 1 (R3, 7 spec. known, all minted with the same die-pair), Nice VF, the best portrait and most attractive of the seven known specimens, light rose toning, a few light marks and spots of porosity, Rome mint, weight 3.272g, maximum diameter 17.5mm, die axis 180o, 9 Mar - 17 Apr 69 A.D.; obverse IMP OTHOCAESAR AVG TRP, bare head right; reverseCERES AVG, Ceres standing left, grain-ears raised in right hand, cornucopia in left hand; rarest Othodenariustype; from the Jyrki Muona Collection, ex Glenn Woods (NYINC, 2002); SOLD
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