Watch List notes:

Licinius I with Licinius II Caesar (308-324). AE Follis, Heraclea mint, 320-321 AD. Obv. DD NN IOVII LICINII AVG ET CAES. Confronted busts, laureate and draped, facing one another, together holding trophy with two shields. Rev. I O M ET VIRTVTI DD NN AVG ET CAES. Jupiter standing left, holding sceptre; before him, trophy with two captives seated at base; in exergue, SMHTA. RIC VII 50. AE. 4.31 g. 20.50 mm. RRR. Extremely rare. Dark brown patina. Rough surfaces, otherwise VF.