Watch List notes:

Licinius I BI Nummus. Heraclea, AD 321-324. IMP C VAL LICIN LICINIVS P F AVG, radiate, draped and cuirassed bust to right / IOVI CONSERVATORI, Jupiter standing to left, holding Victory on globe and leaning on eagle-tipped sceptre, eagle with wreath in beak at feet to left, captive seated to right; XIIΓ in right field; SMHB in exergue. RIC VII 52. 2.68g, 21mm, 11h.

Good Very Fine.

Purchased from Classical Numismatic Group Inc., January 2011.