Watch List notes:

Licinius I BI Nummus. Alexandria, AD 317-320. IMP C VAL LICIN LICINIVS P F AVG, radiate, draped and cuirassed bust to right / IOVI CONSERVATORI, Jupiter standing to 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 VII 28. 3.08g, 19mm, 11h.

Near Extremely Fine; 'desert' patina.

Ex Swiss collection formed before 2005, Leu Numismatik AG, Web Auction 13, 15 August 2020, lot 1504.