Watch List notes:

ITALY, Milano (Duchi). Filippo II di Spagna. 1554-1598. AR Scudo (40mm, 32.04 g, 5h). Dated 1582. Bust right / Crowned coat-of-arms. CNI V 66 var. (no pellet at beginning of rev. legend); Crippa 13/B-1; Davenport 8309. EF, toned. Great metal and a choice example for this issue.