Watch List notes:

Licinius I. AD 308-324. AV Solidus (17mm, 4.28 g, 6h). Rome mint. Struck AD 312. LICINI VS P F AVG, laureate head right / VICTORIA CON S TANTINI AVG, Victory advancing left, holding wreath in right hand and palm frond in left; to left, captive seated left, head right, hands tied behind; PR. RIC VI 285c (this coin referenced); Depeyrot 17/11 (this coin referenced); Adda –; Biaggi –; Jameson –; Mazzini –. Scratch on obverse. VF. Very rare.

From the Peter J. Merani Collection. Ex VAuctions 232 (20 August 2009), lot 59 (hammer $4100); Franz Trau Collection (Gilhofer & Ranschburg, 22 May 1935), lot 3778.