The only difference between these 2 dupondii struck under Tiberius in 22 AD. Is the word for “Moderate “. Reverse for RIC 39 is MODERATIONI and for RIC 40 the only difference is MODERATIONIS. RIC 40 is a Scarce 4. Joe Geranio Julio Claudian Iconographic Association. 
Only difference between RIC 39/40 very slight. Joe Geranio
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Roman Empire • Dupondius - Tiberius (MODERATIONIS S C)
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