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Here is the Sponsian coin paper: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0274285.

In my reading, the authors do not claim that Sponsian is "a lost Roman emperor", but rather an obscure and not very important regional strongman. From the paper: "Sponsian never controlled an official mint and was unrecorded by all later historians, so he certainly did not rule in Rome."

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I read it the same way.

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