Watch List notes:

Licinius I. A.D. 308-324. Æ follis (21 mm, 3.39 g, 12 h). Heraclea, A.D. 313. IMP C VAL LICIN LICINIVS P F AVG, laureate head of Licinius I right / IOVI CONSERVATORI AVGG, Jupiter standing facing, head left, holding Victory on globe and resting on scepter; at feet to left, eagle standing left, head right, holding wreath in beak; Γ//SMHT. RIC 73. Brown patina with subdued silvering. Choice extremely fine.