Watch List notes:

Licinius II. Caesar, A.D. 317-324. Æ follis (20 mm, 3.57 g, 12 h). Alexandria, A.D. 321-324. DN VAL LICIN LICINIVS NOB C, helmeted and cuirassed bust of Licinius II left, holding spear over shoulder and shield / IOVI CONS-ERVATORI, Jupiter standing facing, head left, holding Victory and scepter; at feet to left, eagle standing left, head right, holding wreath in beak; at feet to right, bound captive seated right; X//IIΓ//SMALB. RIC 30. Attractive desert patina. Good very fine.

Estimate: $30