Licinius II, Caesar, 317-324. Follis (Silvered bronze, 19 mm, 2.57 g, 6 h), Rome, circa 320. LICINIVS IVN NOB C Laureate, draped and cuirassed bust of Licinius II to right. Rev. SAECVLI F-ELICITAS / P - R / R P Shield inscribed AVG set on garlanded cippus. RIC 162. Very rare. Some deposits and light cleaning scratches, otherwise, about very fine.

From the collection of Dr. L. Ramskold, formed since 1969.

This very rare piece is one of five known from officina P, of which two are in the Ramskold Collection.