Watch List notes:

Licinius I BI Nummus. Antioch, AD 321-323. IMP C VAL LICIN LICINIVS P F AVG, radiate, draped and cuirassed bust to right / IOVI CONSERVATORI, Jupiter standing to left, holding Victory on globe and sceptre, eagle with wreath before, captive behind; X-IIΓ in right field, SMANTZ in exergue. RIC VII 35. 3.49g, 18mm, 11h.

Extremely Fine. Very Rare.

From a private UK collection.