CARIA. Antiochia ad Maeandrum. Augustus (?) , 27 BC-AD 14. Hemiassarion (Bronze, 15 mm, 3.20 g, 12 h), Paionios, member of the synarchy. ΣEBACTOΣ Bare head of Augustus (or Tiberius?) to right. Rev. ΠAIΩNIOY ΣYNAPXIA ANTIOXEΩN Athena standing left, holding spear with her right hand and shield with her left. RPC I 2834. Attractive earthen deposits. Very fine.

Synarchy literally means 'joint rule'. Here, it refers to a committee of magistrates, of which Paionios was a member and which might have been responsible for the coin production of the polis.