Watch List notes:

ROMAN EMPIRE. Constantinus I. AD. 306-337, as Augustus. Æ Follis (2.98 gm; 20 mm). Lugdunum (Lyon) mint. Struck AD 321. CONSTAN-TINVS AVG, Laureate, draped, and cuirassed bust right / VIRTVS - EXERCIT, Two captives seated at base of vexillum; VOT - XX inscribed on the standard. C-R//PLG. Cf. RIC 75. Lovely strike on a nice broad flan. Nice brown-reddish patina. Exceptional quality and strike. Choice FDC.