Watch List notes:

World Coins, Italy, Naples, Philip II of Spain, silver carlino, 1577, second period, Naples mint, Germano Ravaschieri, mintmaster; Vincenzo Porzio, trial master, crowned bearded bust l., PHILIP D G REX ARA VTR SI 1577, rev. plain cross above legend FIDEI / DEFEN / SOR, within floral wreath (CNI.1100), a beautifully toned coin with an excellent portrait, extremely fine
*ex E. F. Dadson, Spink Auction, 5 October 1995, lot 978