Watch List notes:

Licinius I Æ Nummus. Cyzicus, AD 313-315. IMP C VAL LICIN LICINIVS P F AVG, laureate head right / IOVI CONSERVATORI, Jupiter standing left, chlamys across left shoulder, holding sceptre and Victory on globe, eagle standing to left before, head to right with wreath in beak; S in right field, SMK in exergue. RIC 4. 2.90g, 22mm, 11h.

Mint State.

From a private European collection.