Watch List notes:

John Comnenus Ducas, Empire of Thessalonica. Trachy; John Comnenus Ducas, Empire of Thessalonica; 1237-1242 AD. Thessalonica, Reduced Trachy, 1.32g. DO-25a1 note, cf. Sear-2210 (head only of cherub on obv.). Obv: Full figure of nimbate cherub with four wings standing facing, orans. Rx: Emperor and St. Demetrius standing frontally beside one another, holding long cross surmounted by globule between them; emperor also holds anexikakia, saint also holds sword over shoulder. Very rare variety with standing cherub on obverse rather than just facing head of cherub, cited by the Dumbarton Oaks Catalogue from a single specimen in Peter and Paul hoard, Numismatic Chronicle 1973, p. 172, no. 1106, pl. 11, 117.. VF