Watch List notes:

Italy, Milan. Henry III-V. 1039-1125. AR denaro scodellato (17.1 mm, .61 g, 7 h). + IMPE[RATO]R // HE / RIC / ·N (HE ligate), king's name in three lines within dotted inner border; all within concentric outer legend / MEDIOLANV , concentric legend around dotted inner border containing small cross potent. MIR 48; CNI 13/16. Nice EF, full-flan, small edge-split.