Nummus - Constantinus I IMP CONSTANTINVS AVG, GENIO POP ROM, S-P, MLN, Londinium

This issue belongs to a politically charged moment: by 316, Constantine and Licinius had already fought the first of their two civil wars, with the Battle of Cibalae in October 315 forcing Licinius to cede the Balkans. The London mint was operating under firm Constantinian control throughout this period, and its output served as much to consolidate western loyalty as to supply coinage. RIC VII Londinium 50 is not a common piece — the London mint closed permanently around 325, and its later issues survive in far smaller numbers than those of Trier or Arles.