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This coin die was used by ancient counterfeiters to manufacture counterfeit coins in the 4th Century AD. The dies are made of clay. The portrait is that of the emperor gratian and the size of the dies is consistent with that of the bronze coinage of the period. In fact, the reverse type seen on the dies is a close copy of a bronze coin reverse listed in Sear's Roman Coins book.
Source: My personal collection. I now have this coin die set up for saleon Ebay.
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