Caligula - Quadrans money reform (JUL2634)

Gaius (Caligula). AD 37-41. Æ Quadrans (17 mm, 3,07  gm). Rome mint. Struck AD 40-41. Pileus between S C / Legend around RCC. RIC I 52. Very fine. This series of quadrantes commemorated the abolition of 0.5% tax remaining from an original 1% tax created by Augustus. The first half was removed by Tiberius. RCC stands for remissa ducentesima, or “removal of 1/200” [tax]. The removal of this burden on the people is symbolized by the pileus (cap of freedom).