Watch List notes:

ITALY, Papale (prigioniero del Vaticano). Pius XI. 1922-1939. AR Medal (43mm, 34.74 g, 12h). By A. Mistruzzi. Dually dated RY 5 and AD 1926 (in Roman numerals). Bust left, wearing zucchetto, mozzetta, and pallium / Personification of Archaeology seated facing, holding lamp and tablet; behind, the entrance to the Catacombe di Roma. Rinaldi 120. Rich iridescent toning, minor hairlines. EF. In original red case of issue.

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