Watch List notes:

Licinius I, with Licinius II, Caesar. AD 308-324. Æ Follis (21.5mm, 3.33 g, 11h). Heraclea mint, 4th officina. Struck AD 320-321. DD NN IOVII LICINII INVIT AVG ET CAES, laureate and draped facing busts of Licinius I and Licinius II, holding between them a trophy with two shields / I O M ET VIRTVTI DD NN AVG ET CAES, Jupiter standing left, holding scepter; to left, two captives seated on either side of trophy; SMHTΔ. RIC VII 50. Rough brown surfaces, some coppery highlights. Near VF. Very rare.