Watch List notes:

John Comnenus-Ducas. As emperor of Thessalonica, 1237-1242. BI Trachy (29mm, 2.76 g, 6h). Thessalonica mint. St. Theodore, in military attire, standing facing, holding spear and shield set on ground; to left; Γ/(O with central pellet) above lis; [to right, Δ/ΘЄ above lis] / IωANNHC [ΔЄ] to left, O AΓIOЄ[...] to right, John standing facing, holding labarum and anexikakia, being crowned by St. Demetrius, wearing military attire. Cf DOC 2; cf. CLBC 14.2.1-3; SB 2188 corr. (obv. description). Dark green patina, edge split, reverse double struck. VF. Attractive example of a difficult issue.

Ex Classical Numismatic Group Electronic Auction 286 (5 September 2012), lot 446.