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 right, holding spear and shield / IOVI CONSERVATORI, Jupiter standing to left, holding Victory on globe and eagle-tipped sceptre, eagle holding wreath at feet to left, captive seated to right; X over IIM in right field, SMNΔ in exergue. RIC VII 49 (R3). 2.86g, 18mm, 12h.

Extremely Fine.

Ex Nelly Drees Collection (Belgium).