Watch List notes:

Licinius II (son of Licinius I), 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 with shield on left arm / IOVI CONSERVATORI, Jupiter standing to left, holding Victory on globe and eagle-tipped sceptre; eagle standing to left, head to right, holding wreath in beak in lower left field, bound captive seated to right, head to left, below; X IIΓ in two lines in right field, SMNA in exergue. RIC VII 49. 2.37g, 19mm, 6h.

Extremely Fine.

From a private European collection.