Watch List notes:

Licinius I, 308-324. Follis (Bronze, 21 mm, 2.85 g, 7 h), Ticinum, 319-320. IMP LICINIVS AVG Cuirassed bust of Licinius I to right, wearing crested Attic helmet. Rev. VIRTVS EXERCIT / T T Vexillum inscribed VOT / XX between two captives. RIC 116. Minor corrosion, otherwise, about extremely fine.