Watch List notes:

Licinius I BI Nummus. Arelate, AD 321. IMP LICINIVS AVG, laureate head to right / D N LICINI AVGVSTI, VOT XX in two lines within wreath, jewel at apex; S(star in crescent)A in exergue. RIC VII 240. 3.26g, 19mm, 6h.

Extremely Fine.

From a private English collection.