Watch List notes:

Auction 88 Part I
The Roman Empire
Licinius I, 308 – 324

Aureus, Heraclea circa 315, AV 5.32 g. LICINIVS – AVGVSTVS Laureate bust r. Rev. SIC X / SIC XX / SMHB Within wreath at top of which, eagle embellishment. C –, cf. 158 (SMAB). RIC 9. Depeyrot 3/2 (this obverse die). Calicó 5133.
Rare. A superb portrait, minor marks, otherwise about extremely fine / extremely fine