Licinius I, AE follis, Arles. 19.5 mm, 4.1 g.

IMP LICI-NIVS AVG, laureate head right.
DN LICINI AVGVSTI around VOT XX in two lines within wreath.
Mintmark AR.

RIC VII Arles 224; Sear 15335; Bikic-Do hoard 74.

Rare, rated R4.

With permission of cgb.fr Mail Bid Sale 21, Lot 3549, June 2004.