Watch List notes:

Licinius II (son of Licinius I), as Caesar, BI Nummus. Rome, AD 318-319. LICINIVS IVN NOB C, laureate, draped and cuirassed bust to right / VIRTVS AVGG, camp-gate with open doors and four turrets; P-R across fields, RS in exergue. RIC VII 192. 3.00g, 19mm, 5h.

Very Fine. Extremely Rare, no other examples on CoinArchives.

From a private UK collection.