Watch List notes:

Theodore Comnenus-Ducas. Trachy (Billon, 16 mm, 0.79 g, 6 h), Thessalonica, c. 1226-1227. IC - XC Christ, nimbate, seated facing on backless throne, wearing tunic and colobium, raising right hand in benediction and holding Book of Gospels in left; star to middle right field. Rev. ΘEOΔΩPOC ΔOYK / APX MX On the left, Theodore, crowned, wearing imperial robes and holding scepter in his right hand and with his left, receiving the walls of Thessalonica from the Archangel Michael, on the right, nimbate, winged and wearing an elaborate loros; above, between them, hand of God crowning Theodore. DOC 7a. SB 2165. Extremely rare. Very fine.