Watch List notes:

ITALY, Papale (Stato pontificio). Paul III. 1534-1549. Restrike AR Medal (35mm, 18.54 g, 12h). On the Construction of the Palazzo Farnese. Dated RY XVI (1550/1), but later restrike. PAVLVS · TERTIVS · PONT · OPT · MAX · A · XVI, bust right, wearing papal tiara and stola / HARVM · AEDIVM · FVNDATOR, façade of the Palazzo Farnese. Cf. CNORP II 341. Once cleaned and now retoning. Good VF. Overstruck on an uncertain undertype.

Ex Numismatica Ars Classica 89 (29 November 2015), lot 507.