Watch List notes:

Licinius I Æ Nummus. Cyzicus, AD 321-324. IMP C VAL LICIN LICINIVS P F AVG, radiate, draped and cuirassed bust right / IOVI CONSERVATORI, Jupiter standing facing with head left, chlamys hanging from left shoulder, holding Victory on globe and sceptre; at feet, eagle with wreath left, to right, XIIΓ above bound captive seated right. RIC 15. 3.26g, 21mm, 11h.

Very Fine.