Watch List notes:

ITALY, Napoli (Regno). Filippo II di Spagna. 1554-1598. AR Tarì. Second Period. Napoli (Naples) mint; Giovan Battista Ravaschieri, mintmaster. Struck 1568-1584. Bareheaded, draped, and armored bust right; (IBR) to left / Crowned coat-of-arms; shield within ornate frame. Cf. Pannuti-Riccio 24 (for type); MIR 175. In NGC encapsulation graded MS 63. Encapsulation misdescribed as Carlo V.