Watch List notes:

John III Ducas (Vatatzes). Emperor of Nicaea, 1222-1254. AV Hyperpyron (26mm, 4.55 g, 5h). Magnesia mint. Struck circa 1232-1254. Christ Pantokrator enthroned facing / John, standing facing, holding labarum and akakia, and being crowned by the Theotokos. DOC 5; SB 2073. Toned, slightly wavy flan, a few scratches. Good VF.

From the Conti Collection. Ex Freeman & Sear 7 (22 February 2002), lot 646.