Watch List notes:

Licinius II (son of Licinius I), as Caesar, BI Nummus. Alexandria, AD 316-317. VAL CONSTANTINVS LICINIVS N CAES, laureate head to right / IOVI CONSERVATORI AVGG, Jupiter standing facing, head to left, holding Victory on globe and sceptre; at feet, eagle standing to left, head reverted, holding wreath in beak; K in left field, wreath, X and A in right field, ALE in exergue. RIC VII 21. 3.93g, 21mm, 12h.

Extremely Fine. Extremely Rare; rated R5 by RIC.

From a private UK collection.