Watch List notes:

Licinius II, Caesar, 317-324. Follis (Bronze, 21 mm, 3.34 g, 12 h), Nicomedia, 321-324. D N VAL LIC LICINIVS NOB C Helmeted and cuirassed bust to left, holding spear in his right hand and shield in his left. Rev. IOVI CONS-ERVATORI AVGG / X / IIΓ / SMNA Jupiter standing front, head to left, holding Victory on globe in his right hand and long scepter in his left; at his feet, eagle to left, holding wreath in beak; to right, captive seated to right, his head turned back toward Jupiter. RIC 49. Attractive earthen highlights on a dark patina. Good very fine.