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 eagle-topped sceptre and holding Victory on globe, eagle with wreath in beak at feet to left, seated captive to right; X over IIΓ in right field, SMNB in exergue. RIC VII 44. 3.19g, 20mm, 12h.

Very Fine.

From the collection of Z.P., Austria.