Watch List notes:

Licinius, 308-324 Follis Heraclea circa 312, Æ 20mm., 3.44g. Laureate head r. Rev. Jupiter standing l., holding crowning Victory and sceptre; at feet l., eagle standing l. with wreath in beak; in r. field, Γ and in exergue, SMHT. RIC 74.

Traces of silvering, Extremely Fine.