Licinius I (AD 308–324).
Follis (AE, 21 mm, 2.63 g), Ticinum mint, AD 319–320.
IMP LICINIVS AVG Head of Licinius I, helmeted, cuirassed, right, seen from front / VIRTVS EXERCIT Two captives seated at base of standard inscribed VOT / XX; PT in exergue.
RIC 116.
Dark toning with remains of silvering. Extremely fine.