Watch List notes:

ITALY, Papale (Stato pontifico). Order of St. Gregory the Great. Gilt Æ. Dated RY I of Gregory XVI (AD 1831/2). Red enammeled eight-pointed Maltese cross with central medallion depicting St. Gregory, with gold and green enameled oak leaves, suspended from yellow and red ribbon. EF.

From the Peter J. Merani Collection, purchased from Jencius Coins, March 2011.