Watch List notes:

Theodore Comnenus-Ducas, as emperor of Thessalonica, 1225/7-1230. Trachy Nomisma (Billon, 34 mm, 3.32 g, 6 h), Thessalonica, 1227 (?). IC - XC Christ Pantokrator enthroned facing; Δ/* - Δ across field. Rev. ΘΕΟΔΟΡΟC ΔΕCΠΟΤ ΟΛΓΗIΟC ΔH Theodore, holding cruciform scepter in right hand and akakia in left, standing facing, being crowned by St. Demetrius, who is holding a sheathed sword in his left hand. DOC 5b; SB 2162. Well struck for the issue, with clear details and complete legends. About extremely fine.