John III Ducas (Vatatzes), emperor of Nicaea, 1222-1254. Hyperpyron (Gold, 26 mm, 4.52 g, 6 h), Magnesia. Christ, nimbate, seated facing on throne, wearing tunic and pallium, raising his right hand in benediction and holding book of Gospels in his left; in field to left and right, IC - XC. Rev. [Ι]Ⲱ / [Δ]ЄC/ΠΟ John III standing facing on the left, wearing divitision and loros, holding anexikakia in his left hand and labarum in his right, crowned by the Virgin Mary, nimbate, standing facing on the right. SB 2073. The flan somewhat wavy and with minor graffiti and nicks, otherwise, about extremely fine.

From an American collection, ex Classical Numismatic Group E-Auction 324, 9 April 2014, 580 corr. (misattributed to John II Comnenus).