Licinius I AE follis. Nicomedia. AD 310. 27mm, 5.94g. 

IMP C VAL LICIN LICINIVS P F AVG, laureate head right.
VIRTVTI E-XERCITVS CMH (ligate), Virtus walking right, 
holding shield, trophy and transverse spear.

Mintmark SMNA.

NOT in RIC; RIC VI Nicomedia 65 var (emperor).
RIC lists this issue for Galerius, Maximinus and Constantine. However, the note on p. 550 states that: "The 
two Augusti and their juniors share a small and scarce 
emission of Virtuti Exercitus CMH, with officinae similarly 
allotted. 

With permission of Roy's Coins on vcoins.com, 
www.vcoins.com/en/stores/roys_coins/
Feb. 2016.