Watch List notes:

John Comnenus-Ducas, as despot of Thessalonica, 1242-1244. Trachy (Billon, 19mm, 0.99 g 6), Thessalonica. The Virgin Theotokos enthroned facing. Rev. ....ΔΕCΠΟΤΗC John standing facing, holding labarum and akakia. DOC 28. SB 2214. Rare and particularly nice for this issue. Somewhat irregular flan as usual, otherwise, very fine.