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AR24 - Antoninus Pius L ΚΓ

Issuer Alexandria (Egypt)
Year 159-160
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Composition Billon
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Obverse script Greek
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Edge Plain
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Additional information

By regnal year 23 — the last full year before Antoninus Pius died in March 161 — the Alexandrian mint was producing billon tetradrachms with a silver fineness that had been declining steadily for decades. These late issues of his reign tend to surface in better condition than mid-reign pieces, not from any minting improvement but simply because production volumes in the final years were lower and hoarding appears to have followed his death closely.

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