Watch List notes:

Michael III "the Drunkard", 842-867. Miliaresion (Silver, 23 mm, 2.07 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. Edge chips, otherwise, very fine.

From the Trausnitz Collection, ex G. Hirsch 234, 5 May 2003, 763.