Watch List notes:

ITALY, Napoli (Regno). Filippo II di Spagna. 1554-1598. AR Mezzo Ducato – Cianfrone (33mm, 13.38 g, 5h). First Period. Napoli (Naples) mint. Struck 1554-1556. Bareheaded, armored, and draped bust right; (IBR) to left / Crowned coat-of-arms. MIR 160; Pannuti-Riccio 5. Lightly toned, porosity, reverse corroded. VF.