Watch List notes:

John III Ducas (Vatatzes). Emperor of Nicaea, 1222-1254. AR Aspron Trachy (24mm, 1.06 g, 6h). Thessalonica mint. Struck 1249/50-1254(?). Facing bust of Christ Pantokrator / John, holding labarum, and St. Demetrius, holding sword, standing facing, holding city model between them. DOC (1); SB 2121. VF, toned, slightly bent, flan crack, a few marks. Rare.

Ex Pecunem 38 (6 December 2015), lot 1060 (edge of coin slightly altered in photographic imaging process).