Watch List notes:

GERMANY(?). Gilt Cast AR Medal (35mm, 15.76 g, 6h). Satirical Anti-Catholic issue. Cast late 16th century. ECCLESIA PERVERSA TENET FACIEO DIABOLI, head of Pope left, wearing Papal tiara, inverting to head of Satan right, with sow's ear and horn / STVLTI ALIQVANDO SAPIENTES, head of a Cardinal left, wearing gallero, inverting to head of a jester right, wearing fool's cap. Mitchiner, Jetons 3026. Fine.

From the J. Eric Engstrom Collection.