Æ31 - Antoninus Pius ΕΠΙ Λ ΠοΜ ΑΡΤΕΜΑ ΥΠΑΙΠΗΝΩΝ

Hypaepa was a minor Lydian city in the Cayster River valley, administratively folded into the conventus of Ephesus under Roman provincial organization. The magistrate name preserved in the legend — Artemas — represents one of the few fixed points for sequencing the city's otherwise poorly documented civic coinage under Antoninus Pius. The office of strategos or grammateus held by such local officials was genuinely competitive; families invested heavily in these positions precisely because the right to issue bronze coinage was one of the most visible markers of civic autonomy a subject city could exercise.