Watch List notes:

Licinius I (308-324), Aureus, Serdica, AD 313-314; AV (g 5,27; mm 19; h 12); LICINIVS - AVGVSTVS, laureate head r., Rv. IOVI CONSER - VATORI AVGG, Jupiter standing l., chlamys over shoulder, holding Victory on globe and sceptre; at feet l., eagle holding wreath in its beak; in r. field, N; in ex. °SER°. RIC 3; C 106; Calicò 5126.
Very rare, bold portrait, extremely fine.

Ex Numismatica Ars Classica 72, lot 766.