Watch List notes:

Licinius I, 308-324. Follis (Silvered bronze, 19 mm, 3.00 g, 12 h), Thessalonica, 319. IMP LIC-INIVS AVG Laureate and cuirassed bust of Licinius I to right. Rev. VIRT - EXERC / •TS•A• Plan of a Roman camp (?); in the middle, Sol standing front, head to left, raising his right hand in salute and holding globe in his left. RIC 68. Rare and unusually attractive for this difficult issue. Minor areas of weakness, otherwise, good very fine.