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 and leaning on sceptre, eagle at left with wreath in its beak, captive right, in right field XIIΓ; SMALB in exergue. RIC 28. 3.07g, 18mm, 11h.

Extremely Fine.

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