Watch List notes:

ITALY, Napoli (Regno). Ferdinando IV. First reign, 1759-1799. AR 120 Grana (40mm, 27.27 g, 6h). Napoli (Naples) mint. Dated 1796 P M AP. Bare head right / Crowned coat-of-arms. MIR 373/1; Pannuti-Riccio 62; KM (C) 66b. Lightly toned with hints of iridescence, minor deposits. VF.