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AR22 - Antoninus Pius L Κ

Issuer Alexandria (Egypt)
Year 156-157
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Reference(s) Emmett 1428.20; Dattari 2928; Milne 2188
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Obverse script Greek
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Reverse lettering L Κ
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Additional information

Year 20 of Antoninus Pius's reign — the regnal year denoted by the L Κ in the type designation — places this issue squarely within a period of administrative stability in Roman Egypt that was, by the standards of the province, almost uneventful. Alexandria's billon tetradrachms of this period were struck in a debased silver alloy controlled by the imperial government, which maintained a deliberate monopoly on Egyptian coinage: foreign silver was confiscated at the border and exchanged for local issues, keeping the provincial currency entirely captive to Rome's monetary policy for Egypt.

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