John III Ducas Vatatzes, 1222-1254 AD. Billon trachy, Thessalonica. 

MHP-Q V to left and right of Mary, nimbate, standing, both hands raised.
IW DECPOTH O DMHTRIOC, John, on left and St. Demetrius on right, 
half-length figures standing, holding labarum between them

Sear 2130. DOC pl. 45, 10. 
Scarce.

With kind permission of Helios Numismatik 
Auction 7
12 December 2011
Lot number: 1070
Price realized: 170 EUR