Watch List notes:

Licinius I, 308-324. Follis (Bronze, 19 mm, 3.11 g, 12 h), Antioch, 317-320. IMP LICINIVS AVG Laureate and draped bust of Licinius to left holding mappa in his right hand and globe and scepter in his left. Rev. IOVI CONSERVATORI AVGG / Z / SMANT Jupiter, naked but for cloak, standing front, his head turned to left, holding Victory set on globe in his right hand and long vertical scepter with his left; at his feet to left, bound and bearded captive with peaked cap crouching left. RIC VII 27. Sharp and clear. Extremely fine.