This is one of the low value bronze Roman coins commonly called a widow’s mite. Mite is the 1611 King James Bible translation for the Greek λεπτον, or lepton. They were struck under Coponius, the first Roman procurator of Judea from 6-9 AD, and were still in circulation during Jesus’ lifetime. They are frequently mentioned in the New Testament, for example in Luke 21:1- 4 “And He looked up and saw the rich putting their gifts into the treasury, 2 and He saw also a certain poor widow putting in two mites. 3 So He said, ‘Truly I say to you that this poor widow has put in more than all; 4 for all these out of their abundance have put in offerings for God, but she out of her poverty put in all the livelihood that she had.’” The obverse shows an ear of grain and the Greek word ΚΑΙζΑΡΟζ (Kaisaros), meaning “of Caesar” or “Caesar’s”. The reverse shows a palm tree and a date code LΛ.
An Exact Replica