Watch List notes:

ITALY, Pisa. Repubblica. 1150-1312. AR Grosso da 12 denari (19mm, 1.69 g, 12h). In the name of Emperor Federico I. Struck circa 1220-1250. Large F; four rosettes around / Half-length figure of Madonna facing slightly right, head right, holding infant Christ. MIR 394. Atttractively toned with traces of underlying luster. Good VF.

From the El Medina Collection.