Watch List notes:

Licinius II Æ Nummus. Nicomedia, 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, SMNA in exergue. RIC 49. 2.69g, 20mm, 12h.

Very Fine.

From the inventory of a UK dealer.