Watch List notes:

Licinius I. A.D. 308-324. Æ Follis (19.6 mm, 2.91 g, 5 h). Siscia mint, A.D. 320. Rare. IMP LICINIVS AVG, helmeted and cuiarassed bust right / VIRTVS EXERCIT, two captives seated between banner with VOT XX; S-F/ΔBSIS* in exergue. RIC 110. aVF. 

Ex Dave Surber collection.