Watch List notes:

Licinius II. Caesar, A.D. 317-324. Æ follis. 2.61 gm. 19 mm. Heraclea mint, 3rd officina. Struck A.D. 321-324. His helmeted and cuirassed bust left, holding shield and spear; D N VAL LICIN LICINIVS NOB C / Jupiter standing left, leaning on eagle-tipped scepter and holding Victory on globe, eagle with wreath on ground to left, captive seated on ground to right; X / IIΓ in right field, IOVI CONSERVATORI around, SMHΓ in exergue. RIC VII 54 var. (bust type). Very Fine; glossy light and dark brown patina that highlights the design.