This talk discusses tokens of Late Antiquity, with a particular focus on the mysterious so-called Asina tokens. The study of these tesserae carrying the image of a she-donkey (Asina) suckling a foal is dependent at present on A. Alföldi (1951) and his controversial interpretation of these artefacts as tools of a covert “pagan” propaganda against the Christian Empire during the reign of Honorius (AD 395-423). This paper will focus on a preliminary classification of these objects, as well as a typological, morphological and iconographical analysis. I will analyse the Asina tokens with the goal of understanding the historical and cultural meaning they had at a crucial moment in the relations between pagans and Christians in Late Antiquity.