Watch List notes:

Licinius II (son of Licinius), as Caesar, Æ Nummus. Alexandria, AD 321-324. D N VAL LICIN LICINIVS NOB C, helmeted and cuirassed bust left, holding spear over shoulder and with shield on left arm / IOVI CONSERVATORI, Jupiter standing left, holding Victory on globe and eagle-tipped sceptre; eagle standing left, head right, holding wreath in beak in lower left field, bound captive seated right, head left, below X IIΓ in two lines in right field, SMALA in exergue. RIC 30. 3.27g, 20mm, 11h.

Near Extremely Fine.