Watch List notes:

Licinius I, 308-324. Follis (Bronze, 17 mm, 3.25 g, 7 h), Arles, 319. IMP LICI-NIVS AVG Laureate and cuirassed bust of Licinius I to right. Rev. IOVI CONSERVATORI AVG / TARL Licinius I, borne by eagle standing right and wings pointing down, looking back, holding scepter with his left hand and thunderbolt with his right. RIC 197. Minor deposits, otherwise, very fine.