Watch List notes:

John III Ducas (Vatatzes), emperor of Nicaea, 1222-1254. Hyperpyron (Gold, 28 mm, 4.63 g, 6 h), Magnesia. Christ, nimbate, seated facing on throne, wearing tunic and pallium, raising his right hand in benediction and holding book of Gospels in his left; in field to left and right, IC - XC; in field to left, cross. Rev. T/Ⲱ/ΠΦΓ John III standing facing on the left, wearing divitision and loros, holding anexikakia in his left hand and labarum in his right, crowned by the Virgin Mary, nimbate, standing facing on the right. SB 2073. A very attractive example. Light doubling on the obverse and with minor graffiti, otherwise, good extremely fine.