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AR23 - Antoninus Pius L ΙΔ

Issuer Alexandria (Egypt)
Year 150-151
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Composition Billon
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Obverse script Greek
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Reverse description Roma seated left on a throne or rock, helmeted and draped, extending a small figure of Nike in her right hand and holding a long sceptre or spear in her left. The composition is typical of Alexandrian civic reverse types celebrating Roman imperial ideology. The regnal date L ΙΔ (Year 14 of Antoninus Pius, corresponding to 150–151 AD) appears in the field, serving as the sole reverse legend.
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Additional information

Year 14 of Antoninus Pius corresponds to 150–151 AD, a period of pronounced debasement in the Alexandrian billon tetradrachm series. The silver content by this point had dropped well below 20%, a slide that began under Nero and continued with little reversal through the Antonine period. Egypt's coinage remained a closed monetary system — foreign coins had to be exchanged at the border and reminted — which allowed Rome to manage the province's currency independently of the imperial silver standard.

Milne 1838 places this squarely within a well-documented sequence, and the Dattari reference confirms it as a type with reasonable survival numbers.

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