Licinius I, AE follis, Arles. 319 AD.

IMP LICI-NIVS AVG, laureate, cuirassed bust right.
IOVI CONSERVATORI AVG, Emperor borne by eagle standing right, left wing pointing downwards, looking back. Emperor holds sceptre in left hand and thunderbolt in right.

Mintmark TARL

RIC VII Arles 197. rated R3

With permission of T&S Petrov Art Numis, August 2012.