Watch List notes:

WORLD, Italy. Papale (Stato pontificio). Leo XII. 1823-1829. PB Seal – Bulla with attached document. Heads of Ss. Paul and Peter facing slightly right and left, respectively; plain cross between; S P/ S P above / (radiant cross)/ LEO/ PAPA/ XII; all within wreath. Serafini 37-9. Bulla VF.

From the Peter J. Merani Collection, purchased from Allen Berman, July 1997.