Well, the analogy that Lars gave about the Cyzicus obverses is very convincing. I have checked with a lot of coins from the early Constantinople issues, and yes, the bust does not match with this mint.
In the other hand, I am not conviced by the explanations about the reverse despite the marks around the wreath. First, you have to grind the coin up to reach the field and then grind again to make appears letters and wreath and make new field at the background. It is not like erase a legend or carving some details. What Lars shows like the remains of the campgate should be at the higher level not the lower. Note also that the "prismatic shape" of the letters is as expected for a coin struck with engraved die.
So, I would be ok to agree with a so hightly tooled coin but I need a lot more explanations.