ITALY. Gaeta. 2 Baiocchi, 1848. Pius IX. PCGS MS-64 Red Brown Gold Shield.
KM-X1. A private issue, struck for use in Gaeta, where the Pope took refuge during his flight from the Roman Republic (1848-49). A nicely struck coin with hints of mint red clinging to some of the protected areas.
Estimate: $200 - $300