Watch List notes:

Michael VIII Palaeologus, 1261-1282. Hyperpyron (Gold, 24 mm, 4.21 g, 6 h), Class II, Constantinople. MP ΘY Half-length facing figure of the Theotokos, orans, within the walls of Constantinople with six groups of towers. Rev. IC XC / M-I/X/ M/ΔE/C - O/ Π/A/Λ On the left, St. Michael presenting the kneeling emperor to Christ, enthroned on the right, holding scroll; * in lower field. DOC 4-5 var (* in upper field). PCPC 4, sigla 3. SB 2242. A detailed example with very good centering. Scratches or graffiti on the obverse rims, otherwise, very fine.

From the Trausnitz Collection, acquired prior to 2007.