Watch List notes:

Latin Rulers of Constantinople. 1204-1261. BI trachy (24.2 mm, 1.65 g, 7 h). Constantinople mint. The Virgin Mary, nimbate, seated facing on throne; holding the nimbate head of Christ at her breast; MP-ΘV in field / AΛЄZIOC ΔЄCΠOT, emperor seated facing, wearing loros and holding labarum and akakia, manus Dei to upper right. SBV 2023; DOC 3. F/VF. Scarce.

Ex Mars Numismatics.