Watch List notes:

Licinius I, 308-324. Follis (Bronze, 19 mm, 2.65 g, 1 h), Siscia, 2nd officina, 320. IMP LIC-INIVS AVG Cuirassed bust of Licinius to right, wearing decorated crested helmet. Rev. VIRTVS EXERCIT /S F/HL/BSIS Two captives seated at base of banner inscribed VOT/XX in two lines. RIC 129. Rare variety. Good very fine.