Watch List notes:

Italian States, NAPLES: The Spanish Kings Carlino. Carlino.Philip II, 1554-1598. Carlino, 2.23g. Naples. Mintmaster Giovan Battista Ravaschieri, until 1567. Obv: PHILIPP R ANG FR NEAP P HIS, crowned bust right, breaking legend below, IBR to left. Rx: FIDE I DEFEN SOR in four lines, within wreath. MIR 165. Some light clipping. VF.