Watch List notes:

Licinius I (308-324). AV Aureus, Siscia mint, 316 AD. D/ LICINIVS AVGVSTVS. Laureate head right. R/ IOVI CONSERVATORI AVGG. Jupiter standing left, chlamys across left shoulder, holding thunderbolt and sceptre; at his feet, eagle left, head right; in field, X and in exergue, SIS. RIC var. (wreath in beak). AV. g. 5.23 mm. 20.00 RRR. Extremely rare variety, apparently unpublished. A superb, spectacular example. Good EF.