Watch List notes:

John III Ducas-Vatazes AV Hyperpyron. Emperor of Nicaea. Magnesia, AD 1232-1254. Christ enthroned facing, raising hand in benediction and holding book of Gospels; IC-XC across upper fields, • above throne to right / John standing facing, holding labarum and akakia, being crowned by the Virgin Mary; MHP (ligate) between them in upper field, [ΘV] to upper right, illegible columnar legends to left and right. DOC 6b; Sear 2073. 4.27g, 25mm, 6h.

Extremely Fine.

From the inventory of a UK dealer.