Watch List notes:

Papal States. Leo X -- Giovanni de'Medici (1513-1521). Ducato Papale, nd. Crown and crossed keys above Medici Arms; .LEO. PAPA. .DECIMVS., rev. Saints Paul and Peter standing, mintmaster's mark - trident and annulet below; ALMA ROMA. Ber.631, Fr.47. Son of Lorenzo il Magnifico, Leo X was a great patron of the arts. To finance Bramante's new St. Peters as well as other building projects, he granted indulgences to donors. This provoked Martin Luther to post his Ninety-Five Theses, thus ushering in the Protestant Reformation. PCGS MS 62.

($4000-5000)