Watch List notes:

Licinius I, 308-324. Follis (Bronze, 21 mm, 4.62 g, 1 h), Nicomedia, circa 311. IMP C VAL LICIN LICINIVS P F AVG Laureate head of Licinius I to right. Rev. IOVI CONS-ERVATORI / B / SMN Jupiter standing front, nude but for chlamys, head to left, holding Victory on globe in his right hand and long scepter in his left. RIC -, cf. 69a (with eagle at feet of Jupiter). Apparently unpublished. Extremely fine.