Watch List notes:

Licinius I. AD 308-324. Æ Follis (19mm, 3.13 g, 12h). Alexandria mint, 1st officina. Struck AD 321-324. Radiate, draped, and cuirassed bust right / Jupiter standing left, holding Victory on globe and scepter; at feet to left, eagle standing left, head right, with wreath in beak; to right, bound captive seated right, head left; -/(X/IIΓ)//SMALA. RIC VII 28. EF, brown patina.

From the J. Eric Engstrom Collection.