Watch List notes:

Licinius I BI Nummus. Nicomedia, AD 321-324. IMP C VAL LICIN LICINIVS P F AVG, radiate, draped and cuirassed bust to right / IOVI CONSERVATORI, Jupiter standing to left, leaning on sceptre with eagle and holding Victory on globe, eagle holding wreath to left, seated captive to right; X over IIΓ in right field, SMNΓ in exergue. RIC VII 44. 3.50g, 19mm, 11h.

Extremely Fine. Very Rare.

From a private UK collection.