Watch List notes:

Licinius II, as Caesar, Æ Nummus. Heraclea, AD 321-324. D N VAL LICIN LICINIVS NOB C, helmeted and cuirassed bust left, holding spear over shoulder, shield on left arm / IOVI CONSERVATORI, Jupiter standing left, holding Victory on globe and eagle-tipped sceptre; eagle at feet left, bound captive to right; XIIΓ in right field; SMHB in exergue. RIC 54. 8.90g, 18mm, 12h.

Good Very Fine.