Watch List notes:

Licinius II, Caesar, 317-324. Follis (Bronze, 19 mm, 3.33 g, 12 h), Alexandria, 2nd officina, 317-320. D N VAL LICIN LICINIVS NOB C Laureate, draped bust of Licinius II to left, holding scepter and mappa. Rev. IOVI CONSERVATORI CAESS /(crescent)-B / SMAL Jupiter standing to left, nude but for his chlamys across his shoulder, holding globe and scepter. RIC 25. Scarce; well struck and clear. Nearly extremely fine.