Little more than a decade after Constantine's conversion to Christianity the ancient gods and goddesses of the Graeco-Roman pantheon ceased to appear upon the official coinage and public monuments of the Empire. The personifications—Victoria, Virtus, Pax, Libertas, Securitas, etc., and the ‘geographical’ figures of Res Publica, Roma, Tellus, cities, countries, and tribes—remained. Yet some of these had, up to that very time, received, like the Olympians, their shrines and altars and other honours associated with pagan cultus; and we ask ourselves how it was that a Christian State, while rejecting the one, could retain and ‘baptize’ the other. The answer to this question, which involves the whole complex problem of the nature of pagan religious belief under the later Empire, can only be tentatively suggested here. The pantheon had eventually to go because its denizens had possessed, for the great majority of pagans, a real, objective, and independent existence.