Watch List notes:

Licinius, 308-324 Follis Heraclea circa 315-316, Æ 23.00 mm., 4.22 g.
Laureate head r. Rev. Jupiter standing l., holding Victory on globe in r. hand and leaning on sceptre with l. hand; in l. field, eagle holding wreath; in exergue, HTB. C 109. RIC 12.

Very fine

Ex Naville sale 50, 624. Sold with the original collector's ticket.