Helmeted bust of Valentinian III facing right, holding spear and shield, DN VALENTINIANVS PE A. / Two Emperors (Theodosius II and Valentinian III) standing facing, holding spears and a cross, CONCOR-DIA AGV (sic), CONS in exergue. Mint of Cherson in Sarmatia, minted in the name of Valentinian III by Theodosius II. 21mm, 4.30 grams. Unlisted in RIC (RIC 461 variety).
A coin of highest rarity, with only a handful of known examples. Unpublished reverse type, with Emperors NOT nimbate. Same set of dies as #20179 and #20182. RIC divided Valenitnian's AE2's into two groups, but at least part of the classification (the relationship between the blundered inscriptions and the hands of the Emperors on the cross on reverse) is incorrect - the hand of taller Valentinian (on the left) is always above that of Theodosius (this was a slight violation of the protocol, but was probably caused by die-cutter copying the coin of Theodosius instead of a die). This situation is always reversed on coins of Theodosius. On some specimens, presumably the latest ones, Valentinian III appears bearded - this might be a clue to the date the coins were issued, since the beard in the 5th century was quite an unusual feature and was usually associated with a sign of mourning. It is possible the the coins were minted before and during 450 AD, the mourning being, of course, for the death of Theodosius II.