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AR23 - Antoninus Pius L ΙΔ

Issuer Alexandria (Egypt)
Year 150-151
Type Standard circulation coin
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Obverse description Bare-headed bust of Marcus Aurelius as Caesar, with short beard, draped in cuirass and paludamentum, facing right and seen from the rear. The portrait displays the characteristic youthful features of Aurelius during his tenure as heir apparent under Antoninus Pius. The Greek legend Μ ΑΥΡΗΛΙϹ ΚΑΙϹΑΡ runs around the periphery of the flan, identifying the figure as Marcus Aurelius Caesar.
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Mintage ND (150-151)
Additional information

Year 14 of Antoninus Pius's reign, which this coin's regnal date confirms, fell during one of the more administratively stable stretches of the entire Principate — a fact that makes Alexandrian tetradrachms from this period abundant relative to issues struck under more turbulent reigns. The Alexandria mint operated under Roman prefectural oversight but retained its own dating system, issuing in regnal years rather than consular ones, which is why these billon tetradrachms form such a reliable chronological sequence for numismatists working the second century.

The billon content by this period had already degraded noticeably from the near-pure silver of earlier Ptolemaic coinage, a deliberate Roman policy keeping Egyptian currency inconvertible outside the province.

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