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 left, holding sceptre and victory on globe, eagle standing left before, head upturned, with wreath in beak, bound captive seated right behind, X-IIΓ in left field; SMKΓ in exergue. RIC 44. 3.44g, 18mm, 12h.

Near Extremely Fine. Excellent detail.

From a private North American collection.