Watch List notes:

Licinius I BI Nummus. Treveri, AD 320. LICINIVS P AVG, helmeted and cuirassed bust to right / VIRTVS EXERCIT, standard inscribed VOT XX in two lines, bound captive seated at either side; star in left field, STR in exergue. RIC VII -, but cf. 267 (no star in rev. field). 3.15g, 19mm, 5h.

Near Extremely Fine. Extremely Rare; not in RIC.

From the Terner Collection.