Æ25 - Caracalla COL AVG TROAD

Alexandria Troas was a Roman colony — Colonia Augusta Troas — refounded under Augustus on the site of an earlier Antigonid settlement, and it retained the right to issue autonomous bronze coinage well into the third century. Caracalla's reign saw a marked expansion of colonial mint activity across the northwest Aegean, partly driven by his military movements through the region during his eastern campaigns after 214 AD.

The city's colonial status gave its bronzes a distinct civic weight: these were not provincial issues under direct imperial supervision but products of a self-governing colonia asserting its Roman identity in metal.