Æ28 - Caracalla ΝΙΚΑΙΕΩΝ

Nicaea's civic bronze issues under Caracalla were produced during a period when Bithynian cities competed aggressively for imperial favor, particularly after Caracalla's reorganization of provincial administration following his murder of Geta in 212. The city had held the title of metropolis in ongoing rivalry with Nicomedia, and imperial portrait coinage functioned partly as a demonstration of that status — placing the emperor's image on local bronze was as much a civic political act as a monetary one.

The reference V.2#80295 places this within Waddington's corpus, where Nicaean bronzes of this reign show considerable die variation across emissions.