Watch List notes:

John III Ducas (Vatatzes). Emperor of Nicaea, 1222-1254. Base AV 'Brass' Hyperpyron Nomisma (20mm, 2.79 g, 5h). Variety A. Contemporary imitation of an official issue of the Magnesia mint, circa 1232-1254. Christ Pantokrator enthroned facing; triple pellets to right / John standing facing, wearing crown and loros, holding labarum and akakia, being crowned by the Theotokos. Cf. DOC 9c (for official issue); S. Bendall, "An Unusual Hoard of Hyperpyra of John III (1222-1256)," Roma Numismatics - Studia Nummorum (24 February 2022), 1-8; cf. SB 2073 (same). Toned, clipped, a couple of minor flan cracks. EF.