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 facing, head 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; X above IIΓ in right field, SMNΓ in exergue. RIC VII 49. 2.94g, 20mm, 6h.

Very Fine.