Licinius I AE follis of Ticinum. AD 319-320.
 
IMP LI-CINIVS AVG, laureate head right.
VIRTVS-EXERCIT, Standard inscribed VOT XX in two lines 
standing on ground, two bound captives seated at its base.

Mintmark PT.

RIC VII Ticinum 115; Sear 15372.
Rated R5.

Contributed by Richard of carpediem Numismatics, Dec. 2015.