Watch List notes:

Licinius I, 308-324. Follis (Bronze, 18 mm, 2.64 g, 7 h), Siscia, 320. IMP LIC-INIVS AVG Helmeted, draped and cuirassed bust of Licinius I to right. Rev. VIRTVS EXERCIT / S - F / ASIS✱ Vexillum inscribed VOT / XX between two captives. RIC 110. About extremely fine.