Æ23 - Augustus ΠΑΝΟΡΜ

Panormus, on Sicily's northern coast, had been a Carthaginian stronghold before Rome absorbed it during the First Punic War. By Augustus's reign it held the status of a Roman colony — Colonia Julia Augusta Panormus — a designation that authorized the city to produce its own bronze coinage under the imperial name, one of the last phases of provincial civic minting before such rights were progressively curtailed under his successors.