Nummus - Licinius I IOVI CONSERVATORI; Treveri

Licinius I struck extensively at Trier during the years immediately preceding his final rupture with Constantine I. By 318–319 the two emperors were nominally co-rulers, but the relationship had already fractured once — the brief war of 316–317 had forced Licinius to cede the Balkans — and coin production at western mints under his authority was already becoming politically loaded. Trier was Constantine's city; Licinius issuing there reflects the uneasy territorial settlement rather than any genuine cooperation.

RIC VII 211 is recorded with several officina variants from the Trier mint, distinguishable by the marks in the exergue.