IMP
LICINIVS AVG (Translation: Imperator Licinius Augustus. The emperor Licinius, august.)
Reverse description
Two winged Victories, standing facing each other, draped, jointly holding a shield set on altar and inscribed with vows.
Reverse script
Latin
Reverse lettering
VICT ·
LAETAE PRINC PERP (Translation: Victoriæ Lætæ Principium Perpetuæ. To the joyful and lasting victory of the prince. Vota Populi Romani. The vows of the Roman people.)