Julius Caesar, 49-48 BC. Denarius (Silver, 18 mm, 3.73 g, 6 h), mint moving with Caesar in Northern Italy. CAESAR Elephant to right, trampling horned serpent. Rev. Priestly implements: culullus, aspergillum, ax, with wolf’s head at the top, and apex. Babelon (Julia) 9. Crawford 443/1. CRI 9. Sydenham 1006. Toned. Banker's mark on the obverse and reverse slightly off-center, otherwise, nearly extremely fine.

The ‘elephant’ coinage of Caesar, struck beginning around the time he crossed the Rubicon in January 49, was used to pay Caesar’s forces during the civil war with Pompey. According to Crawford’s calculations it was produced using at least 750 obverse dies, thus implying that at least 7-8 million denarii were struck! These coins have been popular with collectors since the Renaissance and a great number are known; however, better examples, as this one, are remarkably scarce.