Watch List notes:

John III Ducas-Vatazes AR Trachy. Emperor of Nicaea. Magnesia, AD 1222/3-1254. Christ Pantokrator enthroned facing, nimbate, wearing tunic and kolobion, holding book of Gospels; barred IC-XC across upper fields / Emperor standing facing, wearing stemma, divitision, collar-piece and panelled loros, holding labarum and globus surmounted by patriarchal cross; [IѠΔЄCΠ] to left, OΔ[OVKAC] to right. Sear 2085; cf. DOC 31 (electrum); Naumann 60, 650. 1.21g, 24mm, 6h.

About Good Very Fine; flan slightly bent, flan crack at 3h. Extremely Rare.