Watch List notes:

Italian States (4) Ancona 2 Baiocchi 1799 Good Fine with some scratches, Papal States - Gubbio 2 1/2 Baiocchi 1796 VF with some verdigris, Sardinia 5 Centesimi 1826 Fine/VG, Italian States Emilia 50 Centesimi 1860 KM#11 as part of a group of Italy and Italian States (60) 19th and 20th Century in mixed circulated grades, along with an additional group, Italy (156), Papal States (2) 19th to 20th Century, the majority in base metal, in mixed grades and a further group of Italy 19th and 20th Century 2 Lire to 1 Centesimo (236) in mixed circulated grades

Estimate: 270-320 GBP