Licinius I, 308-324. Argenteus (?). Alexandria. Circa AD 321-324 (Silver, 20.13 mm, 3.48 g). IMP C VAL LICIN LICINIVS P F AVG, Radiate, draped and cuirassed bust of Licinius right. Rev. IOVI CONS - ERVATORI, Jupiter nude standing facing, head turned to left, holding Victory on globe crowning him on the right hand, drapery on the left shoulder and scepter in the right hand, bound prisoner to his feet at ground to right looking back, eagle raising wreath in the beak to left, X above II Γ to right; in exergue, SMALA. Cfr. RIC VII, 28 (but bronze Follis). Cohen 74 (but bronze Follis). Extremely Fine. Unpublished in the standard references.
From the Giovanni Maria Staffieri Collection; ex Gorny & Mosch 249, 11 October 2017, Lot 935 (siliqua); ex Artemide XLI, Lot 264 (siliqua).