Watch List notes:

John III Ducas-Vatazes AV Hyperpyron. Emperor of Nicaea. Magnesia, AD 1232-1254. Christ Pantokrator enthroned facing; IC-XC across upper fields / John standing facing, holding labarum and akakia, being blessed by the Theotokos; legends on either sides. DOC 4a; Sear 2073. 4.50g, 30mm, 6h.

Extremely Fine.