Watch List notes:

Leo IV, the Khazar (775-780). AE Follis, Syracuse mint. Obv. Facing busts of Leo IV and Constantine VI, each wearing crown and chlamys; above, cross. Rev. Facing busts of Leo III and Constantine V, each wearing crown and loros; between their heads, cross; in field, B-A; all above horizontal bar, beneath which large M between X and N; below M, A. D.O. 4; Sear 1586. AE. 4.27 g. 23.00 mm. R. Rare and interesting dynastic issue. Traces of doube striking on obverse. Reddish brown patina. VF.