Watch List notes:

The Empire of Nicaea. John III, Ducas (1222-1254). BI Trachy. Magnesia mint, c. 1232-1254. Obv. MP - ΘV. The Virgin standing facing, nimbate and wearing pallium and maphorium, holding with her both hands medallion of infant Christ, nimbate; cross on either side. Rev. John III standing facing on the right, holding akakia in his left hand and labarum in his right and being crowned by Christ, nimbate, standing facing and holding book of Gospel in his left hand. Sear 2091; Lianta, LBC, 224. BI. 2.63 g. 27.50 mm. VF/Good VF.