Watch List notes:

ITALY, Papale (Stato pontificio). Pius IX. 1846-1878. AR Medal (57mm, 106.2 g, 12h). By P. Girometti. Dated RY 1 (AD 1846/7). Bust right, wearing zucchetto, mozzetta, and pallium / VINCET LEO/ DE/ TRIBV IVDA within wreath. Mazio –; Rinaldi –. Rich iridescent toning, faint hairlines. EF. In original(?) brown case.

From the Peter J. Merani Collection, purchased from Jencius Coins, March 2014.