Watch List notes:

Papal States. Bologna. Santo Pio V -- Antonio Michele Ghisliere (1565-1572). Scudo d'oro, nd. Papal crown and crossed keys over Arms; .PIVS. V. .PONT. MAX., rev. Floriate cross, flanked by small City Arms at right and Doria Arms at left, sun above in legend; .BONONIA. .*. .DOCET. Ber.1113, Fr.349. Named Inquisitor General by Paolo IV, Pius upon attaining the pontificate quickly implemented the decrees of the Council of Trent. He declared England's Elizabeth I deposed, and formed an alliance with Venice and the Hapsburgs against the Turks, an alliance which resulted in the naval victory of Lepanto. PCGS AU 58.

($2400-2800)