Watch List notes:

ITALY, Papale (Stato della Città del Vaticano). Paul VI. 1963-1978. AR Medal (44mm, 44.40 g, 12h). Second Vatican Council – Session IV. Struck 1965. Crossed keys with crossed olive branch and crozier / Paul kneeling left before crucified Christ; above, angel flying left, bearing miter. Matte surfaces, marks. EF. Struck in .800 silver.

From the Peter J. Merani Collection, purchased from Jencius Coins, July 2013.