Watch List notes:

Latin Rulers of Constantinople, 1204-1261. Trachy (Billon, 20mm, 1.33 g 6). The Virgin enthroned holding nimbate head of Christ on her breast. Rev. Theodore and St. Theodore standing facing, holding patriarchal cross between them; emperor holding labarum in his right hand and saint holding spear in his left. DOC 36. SB 2050. Nicely toned and unusually sharp. Struck slightly off-centered, otherwise, good very fine.