Watch List notes:

John III Ducas (Vatatzes). Emperor of Nicaea, 1222-1254. AV Hyperpyron (27mm, 4.30 g, 6h). Magnesia mint. Struck circa 1232-1254(?). Christ Pantokrator enthroned facing / John standing facing, holding labarum and akakia, being crowned by the Virgin Mary. DOC 4a; SB 2073. Good VF, minor deposits, flatly struck on Christ's face.

From the collection of the MoneyMuseum, Zurich. Ex Chaponnière & Hess-Divo 1 (18 May 2010), lot 275.