Sale: Triton VIII, Lot: 1245. Jan 10, 2005. 

LICINIUS II. Caesar, 317-324 AD. AV Aureus (5.32 gm, 12h). Nicomedia mint. Struck 320 AD. Sold For $18000 

D N VAL LICIN LICINIVS NOB C, facing bare-headed, draped, 
and cuirassed bust; wearing sideburns.
IOVI CONSERVATORI CAES, Jupiter seated facing on throne 
set on base inscribed SIC dot V dot SIC dot X dot, 
holding Victory set on globe in extended right hand and 
long sceptre in left hand; eagle standing left on base, 
head right, holding wreath in beak; 
Mintmark SMN Gamma. 
RIC VII Nicomedia 42; Depeyrot 31/2; Calicó 5151. 

This facing portrait of Licinius II, along with a parallel 
issue for his father, was the first frontal representation of an emperor.

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