Watch List notes:

Michael III "the Drunkard", 842-867. Miliaresion (Silver, 23 mm, 2.10 g, 12 h), Constantinople. IҺSЧS XRISTЧS ҺICA Cross potent set on three steps. Rev. + MIXA / HL EC ΘEU / PISTOS bA / SILEUS RO / mAIOҺ in five lines. DOC 6. SB 1691. Light scratches and porosity, otherwise, very fine.

From the Trausnitz Collection, ex Kunker 133, 11 October 2007, 9298.