Watch List notes:

Licinius I, 308-324. Follis (Bronze, 21 mm, 4.09 g, 6 h), Alexandria, 315-316. IMP C VAL LIC LICINIVS P F AVG Laureate head of Licinius I to right. Rev. IOVI CONSER-VATORI AVGG / K - (wreath) / X / B / ALE Jupiter standing front, head to left, holding Victory on globe in his right hand and long scepter with his left; at feet, eagle with wreath in his beak. RIC 14. An attractive example with a beautiful dark patina. Very light roughness, otherwise, extremely fine.