Watch List notes:

WORLD, Italy. Papale (Stato pontificio). Pius VI. 1775-1799. PB Seal – Bulla (43mm, 68.51 g, 12h). Heads of Ss. Paul and Peter facing slightly right and left, respectively; plain cross between; S P/ S P above / (radiant cross)/ PIVS/ PAPA/ VI. Serafini 1379-82. Pale gray surfaces. Fine.

From the Peter J. Merani Collection. Ex Heritage 351 (3 June 2004), lot 13638.