Licinius I, AE radiate, Alexandria. AD 321-324.

IMP C VAL LICIN LICINIVS PF AVG, radiate, draped and cuirassed bust right.
IOVI CONS-ERVATORI Jupiter standing left, chlamys across left shoulder, holding Victory on globe and eagle-tipped sceptre. Eagle with wreath in beak at foot left, captive at foot right. 
X over II Mu in right field.
Mintmark SMAL dot B.

RIC VII Alexandria 32; Sear 15226. 

Rated exceptionally rare, R5.

Contributed by Richard Demarco of Carpe Diem Numismatics, Nov. 2019.