Watch List notes:

John III Ducas (Vatatzes), Emperor of Nicaea, 1222-1254. Hyperpyron (Gold, 27 mm, 4.39 g, 6 h), Magnesia, 1232-1254. IC - XC Christ, nimbate, seated facing on throne, holding book of Gospels and raising right hand in benediction. Rev. MHP - ΘV Fragmentary inscription The Virgin Mary, on the right, standing facing and raising her right hand to crown the emperor, standing facing on the left. DOC 5. SB 2073. Well centered. Obverse double struck; minor graffito, otherwise, extremely fine.