Watch List notes:

BULGARIA. Second Empire. Ivan Aleksandar, 1331–1371. Trachy (Bronze, 21 mm, 1.39 g, 9 h), Veliko Turnovo, 1350-1360. Three-towered castle façade. Rev. Ivan Aleksandar and Mihail Asen IV standing facing, holding labarum between them. Raduchev & Zhekov 1.13.22. Youroukova & Penchev 89. Dark brown patina. Overstruck or restruck, otherwise, nearly very fine.

From the Iconophilos collection.