As - Augustus II VIR C MAR CAP Q VRSO

Calagurris — modern Calahorra in La Rioja — was among the Spanish municipia that seized on the Augustan settlement to mint civic bronze at the local level, a privilege that carried genuine political weight. The duoviri named on this issue, whose abbreviated offices identify them as the colony's senior magistrates, were likely prominent local families leveraging the coinage for exactly the kind of public visibility Roman municipal politics rewarded. The city had been elevated under Caesar and retained strong loyalist credentials into the Augustan period.

Production at Calagurris ceased entirely under Tiberius, making the Augustan issues the whole of the city's numismatic output.