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-X[C] across upper fields, T-shaped symbol 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 11a; Sear 2073. 4.41g, 25mm, 6h.

Good Very Fine.

From the inventory of a UK dealer.