Watch List notes:

ITALY, Papale (Stato pontificio). Honorius III. 1216-1227. PB Bulla – Seal (38mm, 48.94 g, 12h). Legend citing Honorius III in three lines / Heads of Ss. Paul and Peter facing slightly right and left, respectively; [between, cross surmounted by globe and set on long base]. Serafini 1. VF, light brown patina, stress fractures and trench along cord channel.