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Æ24 - Augustus L ΜΒ

Issuer Alexandria (Egypt)
Year 12-13
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Reference(s) I#5071
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Reverse description Standing figure of Nike facing left, holding a wreath aloft in her right hand and a long palm branch in her left, a composition denoting imperial victory and divine favor. The figure is rendered in the typical schematic style of Alexandrian provincial bronzes of the Augustan era. The regnal date inscription appears in the field to the right of the figure. The coin's surfaces are heavily worn, though the main design elements remain discernible.
Reverse script Greek
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Additional information

Year 42 of Augustus's reign over Egypt — reckoned from 30 BC when Octavian took the province as personal imperial property rather than allowing it to pass to the Senate — places this issue squarely in the final months before his death in 14 AD. Egypt's mint at Alexandria operated on a closed currency system, meaning these bronzes circulated only within the province and were demonetized at the border, effectively making the Alexandrian coinage a captive monetary pool answerable solely to the emperor.

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