Watch List notes:

Licinius I Æ Nummus. Alexandria, AD 317-320. IMP C VAL LICIN LICINIVS P F AVG, radiate, draped and cuirassed bust right / IOVI CONSERVATORI, Jupiter standing left, chlamys across left shoulder, holding Victory on globe & leaning on sceptre, eagle at left with wreath in its beak, captive right, in right field XIIΓ; SMALB in ex. RIC VII 28. 3.07g, 18mm, 11h.

Extremely Fine.

Ex Roma Numismatics E-Sale 25, 27 February 2016, lot 546.