SALVS REIPVBLICAE

Bust of Honoria to the right, draped with latin cross on right shoulder, wearing a diadem of pearls, a necklace of pearls and long earrings. 

Chi-Rho inside laurel wreath.

Photo from the catalog quoted below, with kind permission of the Bibliothèque Nationale de France, link to Gallica for download the catalog: https://gallica.bnf.fr/ark:/12148/bpt6k97779652/f75.item.

Photos of the sale: ''Kundig Naville, catalog III, 16 june 1922, Collection Sir Arthur J.Evans''. The coin is the lot 257 (described by the catalog as B state). Other coins are preserved at the British museum, Dumbarton Oaks, Bibliothèque Nationale de France, museum of Turin and the Kunsthistorisches museum of Vienna.

The first letter O on the obverse filled, die blocked? Not sure since I often notice this kind of detail on coins from the 5th century. Although this letter may just be susceptible to clogging ...

I notice that all Solidi have a double pearl necklace while the smaller denominations only have a single necklace. All of the coins that I have seen (Solidi, Semisses and Tremisses), have a ribbon protruding from the letters G on the obverse.