Watch List notes:

Italy, Papal States. Paul V AR 1/2 Franc. Avignon, uncertain date, 1609(?). PAVLVS PONT MAX, bust right; [date] below / SPCIP BVRGHESIVS CARD LEG AVEN, cross. Muntoni 177. 6.65g, 28mm, 11h.

Very Fine. Rare.

From the inventory of a UK dealer.