The script on the coin shows all the Us as Vs - PVBLICANVM, QVIAM, SEQVERE and so on. In that case, they would not distinguish between I and J either, and so should write IESUS.
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The script on the coin shows all the Us as Vs - PVBLICANVM, QVIAM, SEQVERE and so on. In that case, they would not distinguish between I and J either, and so should write IESUS.