Watch List notes:

Licinius II, Caesar, 317-324. Follis (Bronze, 20 mm, 2.58 g, 12 h), Cyzicus, 321-324. D N VAL LIC LICINIVS NOB C Helmeted and cuirassed bust of Licinius II to left, holding spear in his right hand and shield in his left. Rev. IOVI CONS-ERVATORI AVGG / X / IIΓ / SMKΓ Jupiter standing front, head to left, holding Victory on globe in his right hand and long scepter in his left; at his feet, eagle to left, holding wreath in beak; to right, captive seated to right, his head turned back toward Jupiter. RIC 18. About extremely fine.