Watch List notes:

Italy, Vatican, Pius XI, Ambrogio Damiano Achille Ratti, silver Annual Medal, year VII, 1928, by Mistruzzi, bust r., wearing zucchetto, mozzetta, and stole, rev. façade of the Russian College [Russicum], 45mm., (Mazio 887; Bartolotti E 928; Modesti 151), in original case, extremely fine

Estimate: £120-150