Watch List notes:

WORLD, Italy. Papale (Stato pontificio). Alexander IV. 1254-1261. PB Seal – Bulla (35mm, 45.26 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 / ALЄ/XANDЄR/ • PP • IIII • (Ω over PP). Serafini 1-6. Roughness. Fine.

From the Peter J. Merani Collection. Ex Artemide Aste 27 (19 December 2009), lot 394.