Licinius I (AD 308–324). Follis (AE, 20 mm, 3.25 g), Alexandria mint, 321–324.

IMP C VAL LICIN LICINIVS P F AVG Radiate, draped and cuirassed bust of Licinius I right / IOVI CONSERVATORI AVGG Jupiter standing facing, head left, holding Victory on globe in his right hand and long sceptre in his left; at feet, eagle to left, holding wreath in beak; to right, captive seated right, his head turned back toward Jupiter; X over IIΓ in right field; SMALB in exergue.
RIC 28. Struck from fresh dies with good detail. Minor area of corrosion. Almost extremely fine.