As Ben already noted, this is not a
star. In addition to the missing horizontal
bar, the top extremity seems to be a little longer than the other extremities. If it was to be a six-rayed
star, that would not have been the case. This could be a
monogram, not of the first two letters of XPICTOC but of the initial letters IX of
his name in Greek - (Iesous Christos).
Ben, you said you owned a
Licinius II - do you have a picture of that coin, by any chance?
Attached is a photo of the Licinius coin from my sold coins database.
Regards
Gert