The Pontius Pilate Inscription

Does this stone contain an inscription from Pontius Pilate? In June 1961 Italian archaeologists led by Dr. Frova were excavating an ancient Roman theater near Caesarea Maritima and uncovered this interesting limestone block. On the face is an inscription which is part of a larger dedication to Tiberius Caesar which clearly says that it was from "Pontius Pilate, Prefect of Judea." It reads like this:
Line One: TIBERIEUM,
Line Two: (PON) TIUS
Line Three: (PRAEF) ECTUS IUDA (EAE)
The Pilate Inscription is the only known occurrence of the name Pontius Pilate in any ancient inscription. Visitors to the Caesarea theater today see a replica, the original is in the Israel Museum in Jerusalem. There have been a few bronze coins found that were struck form 29-32 AD by Pontius Pilate. The Pontius Pilate Inscription is important in the study of Biblical Archaeology and confirms the Scriptures found in the Bible as historical.

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