Æ16 - Septimius Severus ΝΙΚΑΙΕΩΝ

Nicaea was among the most prolific civic minting authorities in Bithynia throughout the Severan period, competing with Nicomedia for regional prestige in ways that played out partly through coinage volume and partly through the honorifics each city claimed on its bronzes. Small module civic issues like this one circulated at the lowest transactional level — markets, port tolls, minor temple fees — and were never intended to travel far.