As - Augustus PR II VIR C MAR M VAL

Calagurris — modern Calahorra in La Rioja — was one of a small number of Hispanian municipia granted the right to strike bronze under Augustus, a privilege tied directly to the town's loyalty during the Sertorian Wars of the 70s BC, when it held out for Sertorius against Pompey with notorious tenacity. The city eventually surrendered only after documented instances of cannibalism among the starving population. Augustus rewarded communities that demonstrated fierce, if misplaced, loyalty by folding them into the new imperial order.

The duoviri named on this issue — C. Mar. and M. Val. — are otherwise unattested outside the coin series itself.