Watch List notes:

Licinius I. A.D. 308-324. AE follis (19.7 mm, 2.70 g, 7 h). Lyons mint, struck A.D. 319-320. IMP LICINIVS AVG, laureate and cuirassed bust of Licinius I right / VICTORIAE LAET PRINC PERP, two Victories standing, facing each other, together holding shield inscribed VOT/PR on altar; two captives back to back in exergue. RIC 70. VF. Rare.

Rare, only one recorded at ACSearch