This type is described in RIC VII as emperor on eagle, but RIC VI calls it Jupiter on eagle. I think it is most likely Jupiter, though I use the RIC VII description below.
It was issued from Arles and Trier. It was first struck as a billon issue in A.D. 313 and struck again in A.D. 318 as a silvered follis.
http://www.constantinethegreatcoins.com/billon/Licinius I
A.D. 319
17x18mm 3.1gm
IMP LICI-NIVS AVG; laureate, draped, cuirassed, mappa in raised right hand, sceptre across left shoulder.
IOVI CONSERVATORI AVG; eagle standing on wave line, left wing pointing downward, carrying Emperor, standing left, thunderbolt in right hand, sceptre across left shoulder.
In ex. STR
RIC VII Trier 211
Licinius I
A.D. 319
17mm 2.8gm
IMP LICINIVS P F AVG; Laureate and cuirassed bust right.
IOVI CONSERVATORI AVG; Emperor borne by eagle standing right, left wing pointing downward, looking back; Emperor holds scepter in left hand and thunderbolt in right.
In ex. TARL
RIC VII Arles 197
