Æ34 - Antoninus Pius ΚΑΥϹΤΡΟϹ ΚΕΝΧΡΕΙΟϹ ΕΠΙ ΠΑΙΤΟΥ ΕΦΕϹΙΩΝ

The magistrate name partially preserved in this legend — Paitos — appears in a small cluster of Ephesian bronzes from the earliest years of Antoninus Pius's reign, suggesting a single, short tenure coinciding with the transition from Hadrianic to Antonine imperial authority. Ephesus was the seat of the conventus juridicus and the proconsul of Asia, giving its civic coinage an administrative prestige that smaller Ionian cities could not claim. The Kaystros river reference locates this issue firmly within Ephesian civic identity — the Kaystros silted badly in antiquity, and the city spent considerable public resources on dredging campaigns documented in inscriptions from the same period.