Nummus - Licinius II VICT LAETAE PRINC PERP / S, Siscia

Licinius II was elevated to Caesar in 317 as part of the uneasy settlement between his father Licinius I and Constantine I following the first civil war between them. The coins issued in his name were largely a political gesture — a child Caesar with no real authority, his image deployed to signal dynastic continuity during a period of fragile co-rule. The arrangement collapsed entirely by 324 when Constantine defeated Licinius I at Chrysopolis, after which Licinius II was demoted to private citizen and executed around 326.

Siscia, in modern Croatia, was one of the most productive western mints of the Tetrarchic and Constantinian periods, and RIC VII 98 represents one of several Victory reverse types struck there during this tense interregnum.