Watch List notes:

John III Ducas-Vatazes Æ Hyperpyron. Emperor of Nicaea. Uncertain mint, AD 1222-1254. Christ Pantokrator enthroned facing; annulet above throne to left, IC-XC across upper fields / John standing facing, holding labarum with two pellets on shaft and akakia, being blessed by the Theotokos; IѠ ΔЄ CΠO T (or similar) downwards to left, ΘV Ѡ ΠP Φ P downwards to right. Roma Numismatics - Studia Nummorum 07122021#02, Sigla E, 78 (O9 - this coin); for prototype, cf. DOC 6b and Sear 2073. 2.54g, 24mm, 6h.

Mint State.

This coin cited in S. Bendall, 'An Unusual Hoard of Hyperpyra of John III' (2018), Roma Numismatics - Studia Nummorum 07122021#02. Available online at: romanumismatics.com/ejournal;
From the inventory of a UK dealer.