Watch List notes:

WORLD, Italy. Papale (Stato pontificio). Paul III. 1534-1549. PB Seal – Bulla (37mm, 43.84 g, 12h). Heads of Ss. Paul and Peter facing slightly right and left, respectively; long cross between; • S • S •/ •/ P P/ A E above (lis stops) / • PAVLVS •/ • PAPA • / • III •; chevron of lis above. Serafini 307-8. A few edge bumps. Fine.

From the Peter J. Merani Collection, purchased from Allen Berman.