Watch List notes:

John III Ducas-Vatazes AV Hyperpyron. Emperor of Nicaea. Magnesia, AD 1222-1254. Christ enthroned facing, raising hand in benediction and holding Gospels; IC-XC across upper fields, small cross below elbow / John standing facing, holding labarum and akakia, being crowned by the Virgin Mary; MHP between them in upper field, [ΘV] to upper right, legends in left and right fields. DOC 4c; Sear 2073. 4.49g, 29mm, 6h.

Extremely Fine; minor graffiti in outer obv. fields.

From the inventory of a German dealer.