Licinius I, AD 308-324. Billon Reduced Follis. Minted at Cyzicus, AD 317-18. Laurel bust of Licinius facing left wearing consular robes. Reverse: Jupiter standing left holding Victory on globe; wreath in l. field.; mint mark SMK in ex, officina mark R. S-15237/8. Original silvering mostly intact. NGC graded Uncirculated Byzantium Hoard. Estimated Value $100 - 150