Watch List notes:

John III Ducas-Vatatzes. 1222/3-1254. BI trachy (27.5 mm, 3.24 g). Thessalonica mint. The Virgin enthroned facing / John on left, and St. Demetrius on right, standing facing, holding patriarchal cross between them. SBCV 2128. VF. Scarce.

Ex NAC Auction 64, lot 2834.