Licinius I, 308-324. Follis (Bronze, 19 mm, 3.00 g, 11 h), Alexandria, 321-324. IMP C VAL LICIN LICINIVS P F AVG Radiate, draped and cuirassed bust of Licinius I to right. Rev. IOVI CONSER-VATORI AVGG / X / IIΓ / SMALB Jupiter standing front, head to left, holding Victory on globe in his right hand and long scepter in his left; at feet, eagle to left, holding wreath in beak; to right, captive seated right, his head turned back toward Jupiter. RIC 28. Beautiful earthen highlights. Light scratches, otherwise, good very fine.

From a Swiss collection, formed before 2005.