Watch List notes:

Licinius I. AD 308-324. Æ Follis (18.5mm, 3.13 g, 12h). Alexandria mint, 1st officina. Struck AD 321-324. Radiate, draped, and cuirassed bust right / Jupiter standing left, holding Victory on globe and scepter; at feet to left, eagle standing left, head right, with wreath in beak; to right, bound captive seated right, head left; –|X/IIΓ//SMALA. RIC VII 28. Brown patina. EF.

Ex J. Eric Engstrom Collection (Classical Numismatic Group Electronic Auction 395, 12 April 2017), lot 367.