Watch List notes:

ITALY, Papale (Stato della Città del Vaticano). Benemerenti Medal. Gilt Æ. Issued under John XXIII, 1958-1963. Central medallion depicting the bust of Pope John XXIII right within wreath, with Papal tiara and crossed keys, all suspended from a white and yellow ribbon. Some spotting. EF.

From the Peter J. Merani Collection, purchased from Jencius Coins, October 2010.