Watch List notes:

John III Ducas (Vatatzes). Emperor of Nicaea, 1222-1254. Base AV or AR Hyperpyron Nomisma (29mm, 4.46 g, 6h). Variety A. Magnesia(?) mint. Struck circa 1232-1254. Christ Pantokrator enthroned facing; triple pellets to right / John standing facing, holding labarum in right hand and akakia in left, being crowned by the Theotokos. Cf. DOC 4; cf. S. Bendall, "An Unusual Hoard of Hyperpyra of John III (1222-1256)," Roma Numismatics - Studia Nummorum (24 February 2022), 1-8; cf. SB 2073; nomos obolos 24, lot 644. Traces of find patina, numerous cleaning marks. Near VF. Very rare.

From the Porphyrogenitus Collection.