Yes indeed. It was issued after he died, during the reign of emperor Tiberius, but it is indeed a depiction of Augustus, the first emperor. On the reverse is a "large altar" or "altar enclosure" (numismatists argue about exactly what it's supposed to be). Here's an example in better condition on Wildwinds.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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