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AR23 - Antoninus Pius L ΕΝΑΤΟΥ

Issuer Alexandria (Egypt)
Year 145-146
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Shape Round (irregular)
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Obverse script Greek
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Reverse description Zeus enthroned to left, rendered in the Pheidian tradition, his upper body partially draped; he extends his right hand and holds a long sceptre in his left. An eagle stands at his feet to the left, facing inward. The regnal date legend L ΕΝΑΤΟΥ (Year 9, corresponding to 145-146 AD) appears in the field. The composition closely follows the canonical Alexandrian tetradrachm reverse type of the Antonine period.
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Year nine of Antoninus Pius's reign — the regnal year encoded in the Greek legend — places this tetradrachm squarely in one of the most administratively stable decades Roman Egypt would ever see. The Alexandria mint operated under tight imperial oversight, its output carefully managed to circulate within Egypt's closed monetary system, where Roman silver coinage was legally excluded and Alexandrian billon tetradrachms functioned as the province's de facto currency ceiling. Coins entered Egypt at the border, were melted and restruck, and never left.

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