Watch List notes:

ITALY, Papale (prigioniero del Vaticano). Benedict XV. 1914-1922. AR Medal (43mm, 42.84 g, 12h). By Bianchi. Dually dated RY 2 and 1916 (in Roman numerals). Bust left, wearing zucchetto, mozzetta, and pallium / Virgin standing facing in clouds, holding olive branch; below, Benedict and figures representing all nations standing or kneeling. Rinaldi 110. Toned, hairlines. EF. In original red case of issue.

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