Watch List notes:

Licinius I BI Pseudo-Argenteus. Arelate, AD 319. IMP LICINIVS AVG, laureate and cuirassed bust to right / IOVI CONSERVATORI AVG, Emperor holding sceptre and thunderbolt, reclining on back of eagle standing to right, head reverted; PARL in exergue. RIC VII 196. 2.62g, 17mm, 6h.

Good Very Fine. Rare.

Ex Z. P. Collection, Austria, Roma Numismatics Ltd., E-Sale 78, 17 December 2020, lot 1775.