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Licinius I, AE Follis
Licinius I (A.D. 308-324), AE Follis. Mint of Thessalonica, struck A.D. 319. IMP LIC-INIVS AVG, laureate and cuirassed bust facing right, rev. VIRT - EXERC, plan of a Roman camp (?), figure of Sol standing in the centre, raising his right and and holding a globe, a chlamys draped across his shoulder, TS A in exergue, 3.76g., 12h (RIC 68 var. (obverse legend)). With much silvering, extremely fine and very rare, an exceptional example of this enigmatic and popular type, seldom seen in anything approaching this state of preservation.
Exactly what this enigmatic reverse represents has long been a matter for debate. While traditional views have suggested it might show an aerial view of a plan of a military camp, other more recent suggestions have included an architectural identification of an elaborate stepped structure seen in perspective and surmounted by a statue of Sol.