Watch List notes:

Licinius I BI Nummus. Nicomedia, AD 313-317. IMP C VAL LICIN LICINIVS P F AVG, laureate head to right / IOVI CONSERVATORI, Jupiter standing to left, holding sceptre and Victory with wreath, eagle with wreath at feet to left; A in right field, SMN in exergue. RIC VII 13. 3.55g, 23mm, 1h.

Extremely Fine.

From a private European collection.