Roman Empire. Philip I (AD 244-249). Sestertius - LAET FVNDATA (No reserve price)

Roman Empire.
Philip I 'the Arab' (244-249 AD).
Sestertius (Bronze, 29 mm, 14.82 g).

Obv: IMP M IVL PHILIPPVS AVG. Laureate, draped and cuirassed bust to right.
Rev: LAET FVNDATA (or FVNDAT) ("Joy established"), S-C in field. Laetitia standing left, holding wreath and rudder set on globe.

Reference: RIC IV.3 175a-176a; Cohen 73, 76; Sear 8997-8998.

Philip, born in the province of Arabia and known as Philip the Arab, was praetorian prefect when Gordian III died on campaign against Persia in 244. Proclaimed emperor, he made peace with Shapur I and returned to Rome, where his early coinage promised Laetitia Fundata, a joy firmly established. In 248 he celebrated Rome's thousandth anniversary with lavish games. Revolts on the Danube raised Decius against him, and Philip was defeated and killed near Verona in 249.

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