As - Tiberius CLVNIA L IVL RVF T CALP CON T POMP LON P IVL AVI IIII VIR

Clunia, a municipium in the upper Duero valley, was one of the handful of Hispanic cities still operating a local mint into the Tiberian period — most had ceased by then. The four magistrates named in the legend (the IVIIIviri) represent the city's own administrative apparatus asserting itself on coinage at a moment when such local initiative was increasingly tolerated rather than encouraged by Rome. Issues from Clunia under Tiberius are notably scarce compared to Augustan-era production from the same mint.