Watch List notes:

Licinius I AV Aureus. Nicomedia, AD 317. LICINIVS AVGVSTVS, laureate head right / IOVI CONSERVATORI, Jupiter standing facing, head left and with chlamys across shoulder, holding Victory on globe and sceptre; eagle with wreath in beak standing left, head right, to left, N in right field, SMNЄ in exergue. RIC -, cf. 16-17 (for Constantine I & Licinius II); C. -, cf. 63 (this officina unknown); Calicó -, cf. 5114-5115 (same). 5.11g, 20mm, 1h.

Very Fine; pierced. Extremely Rare.

From a private European collection.