Licinius I, 308-324. Follis (Bronze, 19 mm, 3.11 g, 6 h), Rome, circa 320. IMP LI-CINIVS AVG Helmeted and cuirassed bust of Licinius I to right. Rev. PAX P-E-R-PETVA / P - R / R Q Pax standing front, head to left and legs crossed, holding olive branch in her right hand and transverse scepter in her left, leaning with left elbow on column. Failmezger, RBC pl. 17, 280 LI (this coin). RIC -. Of the highest rarity, apparently the second known example. Somewhat rough, otherwise, fine.


No 'PAX PERPETVA' examples for Licinius I were known to Bruun, and even today, only two such examples have come to light, both from officina Q.