Watch List notes:

John III Ducas (Vatatzes). Emperor of Nicaea, 1222-1254. Base AV Hyperpyron Nomisma (22mm, 2.83 g, 6h). Variety D. Magnesia(?) mint. Struck circa 1232-1254. Christ Pantokrator enthroned facing; "grenade" to right / John standing facing, holding labarum and akakia, being crowned by the Theotokos. Cf. DOC 4; cf. S. Bendall, "An Unusual Hoard of Hyperpyra of John III (1222-1256)," Roma Numismatics - Studia Nummorum (24 February 2022), 25-58; cf. SB 2073; Nomos Obolos 24, lot 644 var (triple pellets). Red-brown surfaces. EF.

From the Iconodule Collection.