Watch List notes:

John III Ducas-Vatazes AV Hyperpyron. Emperor of Nicaea. Magnesia, AD 1222-1254. Christ enthroned facing, raising hand in benediction and holding Gospels; [I]C-X[C] across upper fields, two pellets to right / John standing facing, holding labarum and akakia, being crowned by the Virgin Mary; MHP (ligate) between them in upper field, ΘV to upper right, legends in left and right fields. Cf. DOC 9c; Sear 2073. 3.51g, 25mm, 6h.

Extremely Fine.

From a private UK collection.