Watch List notes:

Commemorative Series, 330-354. Follis (Bronze, 18 mm, 2.95 g, 6 h), struck under Constantine I the "Great", Heraclea, 4th officina, 330-333. CONSTANTINOPOLIS Helmeted and mantled bust of Constantinople to left, with scepter over her left shoulder. Rev. •SMHΔ• Victory standing left, with her right foot set on prow, holding scepter with her right hand and shield with her left; pellet to bottom left. RIC 135 (as R3). Very rare variety. Well centered and sharp with excellent details and style for the type. Good extremely fine.