Watch List notes:

Licinius I. AD 308-324. Æ Follis (24mm, 4.15 g, 6h). Londinium (London) mint. Struck circa AD 311-312. Laureate and cuirassed bust right / Sol standing left, holding globe and whip; –|*//PLN. RIC VI 146c; C&T 7.02.005. Brown patina, some roughness on obverse. Good VF. Bold strike on reverse. Rare.

Reportedly ex circa 1970 Bourton-on-the-Water Hoard.