★ Rare ★

Constantine I ‘The Great’ (307-337) AE follis, issued 315-16. Alexandria mint, 3.71g, 20mm.
Obv: IMP C FL VAL CONSTANTINVS P F AVG; Laureate head right
Rev: IOVI CONS-ERVATORI, Jupiter standing left, holding globe surmounted by Victory, leaning on sceptre; eagle with wreath standing to left; K-(wreath)/A/X//ALE.
RIC VII 13 (R2)
From TheRed collection, acquired from Forum
EF with substantial silvering, some flatness to strike at right side. Rare.

This coin came out just as civil war was starting between Constantine and Licinius; immediately after this issue came Licinius’s brief elevation of Valens (seen on very similar coins from Alexandria). Genuinely rare.

Interestingly, folles from Alexandria in this period seem more likely than other issues to retain substantial silvering.