Nummus - Licinius II VIRTVS EXERCIT, Strike as Caesar under Licinius I, Treveri

Licinius II was elevated to Caesar in 317 AD as part of the settlement reached at Serdica, a compromise forced on both Licinius I and Constantine I after their first civil war ended in stalemate. The Trier mint — one of Constantine's strongholds — striking coins for a Licinian Caesar is a direct artifact of that uneasy political arrangement. Within three years of this coin's production, the two augusti were at war again, and by 324 Licinius II was stripped of his title; he was executed the following year, still a child.