Watch List notes:

Licinius I BI Nummus. Aquileia, AD 320. IMP LICINIVS AVG, helmeted and cuirassed bust to right / VIRTVS EXERCIT, vexillum inscribed VOT XX in two lines, bound captive to left and right; S-F across fields, AQS in exergue. RIC VII 51. 3.25g, 20mm, 12h.

Very Fine.

From a private European collection.