CNG 111, Lot: 802. Estimate $10000. Sold for $17350. This amount does not include the buyer’s fee.

Licinius I. AD 308-324. AV Aureus (20mm, 5.34 g, 12h). Nicomedia mint, 5th officina. Struck AD 315-316. LICINIVS AVGVSTVS, laureate head right / VICTORIAE AVGG NN, Victory standing right, half-draped, inscribing VOT X MVLT XX onto shield set on banded column to right; SMANЄ. RIC VII 10; Depeyrot 19/1 (this coin cited in inventory volume); Calicó 5138; Biaggi 1949 (same dies); Hunterian –; Jameson –; Mazzini –. EF, lustrous, a few marks. Very rare.

From the Brexit Collection. Ex Numismatica Ars Classica 54 (24 March 2010), lot 610; Leu 33 (3 May 1983), lot 146.

Licinius is depicted here in the full-blown “Tetrarchic style,” which anticipates Art Deco in its use of angular outlines, smooth contours, and uniform regularity over distinct and individual detail.