Licinius I, AE follis of Nicomedia. AD 317-320. 19 mm, 3.16 g.

IMP LICI-NIVS AVG, laureate. draped bust left, holding globe, sceptre and mappa.
IOVI CONSERVATORI AVGG, Jupiter standing left, chlamys 
across left shoulder, holding Victory on globe and eagle-tipped sceptre.
Palm branch angled \ in left field.
Z in right field.
Mintmark SMN.

RIC VII Nicomedia 24; Sear 15236.
Rated R2.

With permission of Savoca Numismatik GmbH auction 86 Silver, Lot 278, Sept. 2020.