Watch List notes:

Italian States, Milan. Philip II of Spain. 1556-1598. AR 20 soldi (30.4 mm, 6.35 g, 12 h). Armored bust to left / Crowned coat of arms. MIR 320; Cr 34. Nice VF, scratches on obverse. Rare.

Ex Varesi Asta 25, lot 462.