Watch List notes:

WORLD, Italy. Papale (Stato pontificio). Innocent IV. 1243-1254. PB Seal – Bulla (37mm, 48.23 g, 12h). Bare heads of Sts. Paul and Peter, facing slightly right and left, respectively, each within beaded halo; cruciform scepter between: S PA S PE above / INNO/CЄNTIVS/ • PP • IIII • (Ω over PP). Serafini 1. Good VF. Well preserved with attractive surfaces and traces of original cord.

From the Peter J. Merani Collection. Ex Numismatica Ars Classica 26 (27 June 2003), lot 2669.