Watch List notes:

Italy, Papal States. Clement VIII. 1592-1605. BI douzain (24.0 mm, 1.98 g, 11 h). Avignon mint. Rare. CLEMENS·VIII·PONTI·MAX, shield with tiara; fleur de lis countermark / +OCT·CARD·D·AQVAVIVA·LEG·AVE (or similar), cross; lions and crosses in angles. cf. Berman 1514. Fair, toned. Sharp countermark. 

This coin has been marked with a LIS according to the order of June 1640, reducing its value from 15 douzain instead of 12. Rare counter mark on this feudal type.