John III Ducas (Vatatzes). Emperor of Nicaea AD 1222-1254. Struck AD 1232-1254 (?). Magnesia
Hyperpyron AV

25 mm., 4,25 g.

IC XC across upper fields, Christ, nimbate, one pellet in each limb of the nimbate cross, seated facing on backless throne, holding book of Gospels and raising right hand, two pellets above throne to right, T (?) to left / [...] Tω (ligate) Π Φ, John standing facing on the left, holding labarum in right hand and akakia in left, wearing loros, being crowned by the Theotokos (Virgin Mary) on the right, MHP (ligate) to left and ΘV to right of the Virgin's head.

good very fine

Cf. DOC 6b (pellet above throne to right); Sear 2073.