Watch List notes:

Licinius I. AD 308-324. Æ Follis (23mm, 3.72 g, 12h). Nicomedia mint, 4th officina. Struck AD 313-317. Laureate head right / Jupiter standing left, holding Victory on globe and scepter; to left, eagle standing left, head right, holding wreath in beak; –|Δ//SMN. RIC VII 13. Toned silvering. EF.

Reportedly ex Giovanni Dattari Collection.