Valens Valerius, AE follis. Alexandria. AD 316-317.

IMP C AVR VAL VALENS PF AVG, laureate head right.
IOVI CONSER-VATORI AVGG, Jupiter standing left, chlamys 
across left shoulder, holding Victory on globe and sceptre.
Eagle with wreath at foot left.
K in left field.
Wreath over X over A in right field.
Mintmark ALE.

RIC VII Alexandria 19.
Rated R5.

With permission of cngcoins.com, May 2007.
Sold for $22,000.

Added in 2014: Beware of fakes of coins of this 
rare emperor !