Watch List notes:

Licinius II, as Caesar, BI Nummus. Nicomedia, AD 321-324. D N VAL LICIN LICINIVS NOB C, helmeted and cuirassed bust to left, holding spear over shoulder and shield / IOVI CONSERVATORI, Jupiter standing to left, holding Victory on globe and eagle-tipped sceptre, eagle with wreath in beak at feet to left, captive at feet to right; X above IIΓ in right field, SMNΓ in exergue. RIC VII 49; Roma E-88, lot 1382. 3.53g, 20mm, 6h.

Very Fine.

From the Terner Collection;
Acquired from Freeman & Sear.