LICINIUS II. (AD 317-324)
Obverse: LICINIVS IVN NOB CAES
Laureate, drapped and cuirassed bust, left.
Reverse: VIRTVS EXERCIT
Standard inscribed VOT XX, with captive std. on either side. S / F to fields.
Exergue: •TS•A•
Mint City: Thessalonica. Minted AD 320
Reference: RIC VII, 79
Rather rare. Unusual small bust, high relief; much silvering remaining. This coin featured in Wildwinds.com