John III Ducas (Vatatzes), emperor of Nicaea, 1222-1254. Hyperpyron (Gold, 27 mm, 4.30 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. John III standing facing on the left, wearing divitision and loros, holding labarum in his right hand and anexikakia in his left, crowned by the Virgin Mary, nimbate, standing facing on the right; around, traces of legend. SB 2073. A well struck example with an exceptional obverse. Some doubling and with a few light scratches, otherwise, virtually as struck.