A nice, definitely above average penny.
Type from an undetermined mint, according to R. Janke, minted in Grünthal, based on similarities between, among others, the Pogon and the dregs of that mint.
Bust of the king in armor (with an additional fragment between the epaulet and the mantle), the name in the notation AVGVSTVS, under the shields the number 3.
Rare.