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| | The idea about the fortified walls on the reverse of the coins, which concerns us, must be taken from the Byzantine ... |
 | | From all the Bulgarian kings, who had minted coins, only the names of Mikhail II Asen, Mikhail Shishman and Mikhail, the son of Ivan Alexander, who has ruled with his father and who is imaged on his coins, begin with the letter M so this means that one of those three has minted this coins. |
 | | Mikhail Shishman mints these coins probably with political purpose, after his wife Neda, the sister of Urosha III, was driven away in the year 1324, and after married to Teodora, the sister of Andronik junior, and widow of king Svetoslav. |
 | | Front part: King Ivan Shishman in king’s clothes and with short crown, decorated with pendants of pearls at each side, standing opposite, holding in right hand short cross and below the hand IW, and the left hand is on his breasts. |
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