Watch List notes:

ROMAN EMPIRE. Licinius I. 308-324 AD. Æ Nummus (3.16 gm; 20 mm). Siscia, AD 319-320. IMP LICINIVS AVG, helmeted and cuirassed bust right / VIRTVS EXERCIT, Captives below standard inscribed VOT XX. RIC 116. Lovely strike. Brown patina. Choice FDC.
Estimate: 125 USD