Watch List notes:

ITALY, Papale (Stato pontificio). Pius IX. 1846-1878. Æ Medal (43mm, 37.99 g, 12h). By Zaccagnini. Dated RY 8 (AD 1852/3). Bust right, wearing zucchetto, mozzetta, and pallium / View of the Appian Way with the statue of St. Sebastiano in the foreground. Rinaldi 46. Brown surfaces. EF.

From the Peter J. Merani Collection. Ex Pegasi XXIV (5 April 2011), lot 906.