Watch List notes:

Licinius II (son of Licinius I), as Caesar, Silvered Æ Nummus. Trier, AD 320. LICINIVS IVN NOB C, radiate, draped and cuirassed bust right / VIRTVS EXERCIT, two captives seated at foot of trophy, •PTR in exergue. RIC 264. 3.49g, 19mm, 6h.

Near Extremely Fine. Wonderful portrait, rev. weakly struck. Extremely Rare.

From a European collection.