Watch List notes:

Licinius II, Caesar, 317-324. Follis (Bronze, 20 mm, 2.44 g, 11 h), Heraclea, 3rd officina (Γ), 321 - 324. D N VAL LICIN LICINIVS NOB C helmeted and cuirassed bust of Licinius II to left, holding shield over his left shoulder and a spear over his right shoulder. Rev. IOVI CONSERVATORI /X/IIΓ/ SMHΓ Jupiter standing facing head to left, holding eagle-tipped scepter with his left hand and Victory on globe with his extended right; at his feet to left, eagle to left head to right, presenting wreath to Jupiter; to right, bound captive seated on ground to right. RIC VII 54. Glossy green patina. Minor scratch on the obverse, otherwise, nearly extremely fine.