Licinius I, 308-324. Follis (Silvered bronze, 20 mm, 3.13 g, 6 h), Rome, circa 320. IMP L-ICINIVS AVG Helmeted and cuirassed bust of Licinius I to right. Rev. ROMAE A-ETERNAE / R ЄΡⲰ C T Roma seated right, inscribing with her right hand shield set on her left knee with X/V in two lines; at her side, shield. RIC 196. Very rare. Somewhat rough, otherwise, about extremely fine.

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

This very rare piece is one of three examples in private hands, with two more being kept in Vienna and Turin.