Watch List notes:

John III Ducas (Vatatzes), emperor of Nicaea, 1222-1254. Hyperpyron (Gold, 28 mm, 4.34 g, 6 h), Magnesia, 1232-1254. IC - XC Christ, nimbate, seated facing on a backless throne, raising his right hand in benediction and holding book of Gospels in his left. Rev. Ιω /ΔC / Π - Τ / Ο / Π / Ο /Φ / Υ (but fragmentary) John, on the left, standing facing, wearing divitision and loros, holding anexikakia in his left hand and labarum in his right, crowned by the Virgin, nimbate and standing facing on the right; at sides of the Virgin's head, MHP - ΘV. DOC 6b. SB 2073. Nicely toned and clearly struck. About extremely fine.