Watch List notes:

John III Ducas (Vatatzes), emperor of Nicaea, 1222-1254. Hyperpyron (Gold, 27 mm, 4.31 g, 6 h), Magnesia. Christ enthroned facing, nimbate, wearing tunic and colobion, raising right hand in benediction and holding Book of Gospels in left; in fields, IC - XC. Rev. John III on left wearing divitision and loros, holding anexikakia in his left hand and labarum with his right, crowned by the Virgin on right; at sides of the Virgin's head, MP - ΘV. DOC 5. SB 2073. Nicely toned. Slightly double struck on the obverse and with some scratches on the reverse, otherwise, good very fine.