Watch List notes:

Licinius II, Caesar, 317-324. Follis (Bronze, 18 mm, 3.62 g, 1 h), Arles, 317. VAL LICINIVS NOB CAES Laureate, draped, and cuirassed bust of Licinius to right. Rev. IOVI CONSERVATORI /R-S/TARL Jupiter advancing right, brandishing thunderbolt. RIC 128. A scarce example. Some rough surfaces, otherwise, good fine.