Watch List notes:

Licinius I, 308-324. Follis (Bronze, 20 mm, 2.86 g, 11 h), Heraclea, 1st officina, 317-318. Laureate and draped bust of Licinius to right, holding mappa in his left hand and globe and scepter in his right. Rev. PROVIDENTIAE AVGG / A / SMHA Campgate with three turrets and no doors. Cohen 146. RIC 48. A lovely coin, toned, with almost intact silvering and sharp details. Extremely fine.

From the E.E. Clain-Stefanelli Collection.