Watch List notes:

Licinius II (son of Licinius I), as Caesar, BI Nummus. Heraclea, AD 321-324. D N VAL LICIN LICINIVS NOB C, helmeted and cuirassed bust left, holding spear over shoulder, shield on left arm / IOVI CONSERVATORI, Jupiter standing left, holding Victory on globe and eagle-tipped sceptre; eagle with wreath at feet left, bound captive to right; XIIΓ in right field; SMHB in exergue. RIC 54 var. (bust type). 2.93g, 20mm, 12h.

Near Mint State.

From the Brian Henry Grover Collection, old collector's ticket included;
Acquired in 1988.