Watch List notes:

Licinius I BI Nummus. Nicomedia, AD 313-317. IMP C VAL LICIN LICINIVS P F AVG, laureate bust to right / IOVI CONSERVATORI, Jupiter leaning on sceptre and holding Victory on globe, eagle with wreath to left; N over Є in right field, SMN in exergue. RIC VII 15. 3.46g, 24mm, 12h.

Mint State; an attractive example.

From a private European collection.