Watch List notes:

Licinius I, 308-324. Follis (Bronze, 19 mm, 2.75 g, 12 h), Arelate, 319. IMP LICINIVS AVG Laureate and cuirassed bust of Licinius I to right. Rev. IOVI CONSERVATORI AVG / SARL Licinius seated facing, head to left and holding thunderbolt in his right hand and scepter in his left, upon eagle standing right, with wings spread. RIC 197. The reverse struck slightly off center and with minor deposits, otherwise, very fine.