Watch List notes:

Licinius I, 308-324. Follis (Billon, 20 mm, 3.46 g, 6 h), Heraclea, 313. IMP C VAL LICIN LICINIVS P F AVG Laureate head of Licinius to right. Rev. IOVI CONSERVATORI AVGG / Δ / SMHT Jupiter standing facing, head left, holding Victory on globe and long scepter; to left, eagle. RIC 73. Most attractive golden tone on the intact silvering. Nearly extremely fine.