Watch List notes:

Licinius I Æ Nummus. Arles, AD 317. IMP LICINIVS P F AVG, laureate, draped and cuirassed bust right / IOVI CONSERVATORI, Jupiter standing left, holding thunderbolt and sceptre, chlamys across left shoulder; R-S across fields; TARL, in exergue. RIC 123. 3.39g, 20mm, 6h.

Good Very Fine.