Watch List notes:

ITALY, Papal (Papal state). Pius IX. 1846-1878. AR Medal (48mm, 37.22 g, 12h). The Dogma of Immaculate Conception. By F. Bianchi. Dually-dated 1854 and RY 11 (in Roman numerals). PIVS IX · PONT · MAX · ANNO XI ·, bust left, wearing zucchetto, mozzetta, and pallium / Leo enthroned in the Basilica di S. Giovanni in Laterano, reading Doctrine of Immaculate Conception to audience; above in clouds, Virgin and four angels. Mazio 704; Rinaldi 50. Toned, marks and scratches. Good VF.