Licinius I, AE follis of Heraclea. AD 315-316.
Heraclea mint. 21.5 mm.

IMP C VAL LICIN LICINIVS PF AVG, laureate head right. 
IOVI CONS-ERVATORI AVGG, Jupiter standing left, chlamys 
across across left shoulder, holding Victory on globe and 
sceptre, eagle with wreath at foot left. 

Mintmark HT gamma.
RIC VII Heraclea 12; Sear 15243.
Very rare. Rated R4.

With permission of TimeLine Auctions 
(www.timelineauctions.com), Aug, 2017