Hi Nikos,
Yes, that's the right way up. The
obv. has an invocative
monogram 'Theotoke boethei'. The
reverse continues the invocation TO ΔOVΛO COV (your servant) and then the name of the seal's owner Niketas. The name has the definite article 'ho' before, so: O NHKITA (literally 'the Niketas'). This sounds weird in English, but it is quite common in other languages. Palaeographically the
legend is interesting because of the switching of omega for omikron (TO ΔOVΛO) and in the name eta for iota. It is spelled NHKITA, while NIKHTA is the 'correct' spelling. Also, there's a
ligature NH, which is quite
rare in this period of time (c. 8th century). Note also the quite elegantly
engraved 'branches' siding the crosses at the beginning and end of the
legend.
Regards
Gert