Watch List notes:

Licinius II, Caesar, 317-324. Follis (Bronze, 19 mm, 2.31 g, 6 h), Arles, 2nd officina, 317. VAL LICINIVS NOB CAES Laureate, draped, and cuirassed bust of Licinius to right. Rev. IOVI CO-NSER[VATORI] / R-S/ TARL Jupiter advancing to right, brandishing thunderbolt. RIC 128. A scarce example. Some minor roughness, otherwise, very fine.