Watch List notes:

Bulgarian imitative issues. Late 12th-early 13th century. BI Trachy (25mm, 3.60 g, 6h). Imitating a Constantinople mint issue of Alexius III Angelus-Comnenus. Bust of Christ Pantokrator / Half-length figures of emperor and St. Constantine facing, each holding labarum and globus cruciger between them. Raduchev & Zhekov 1.1.4-8; cf. DOC 3b (Bulgarian imitation); cf. CLBC 10.3.1 (Bulgarian imitation); cf. SB 2011-3 (for official issue); S. Bendall, "A Latin Coinage for Thesssalonica?," in NumCirc CV.3 (April 1997), 1b (this coin). Brown patina, earthen deposits on reverse. VF.

From the Gasvoda Collection. Ex Simon Bendall Collection (Classical Numismatic Group Electronic Auction 473 (29 July 2020), lot 519.