Watch List notes:

Theodore Comnenus-Ducas. As emperor of Thessalonica, 1225/7-1230. BI Trachy (31mm, 3.76 g, 6h). Thessalonica mint. Struck 1228-1229. Facing bust of Christ Emmanuel / Half-length figure of Theodore facing, holding labarum and globus cruciger; manus Dei to upper right. DOC 10b; SB 2168. Dark brown surfaces, misaligned double strike on obverse. VF. Rare.

From the Gasvoda Collection. Ex Leu Web Auction 11 (22 February 2020), lot 2218.