Watch List notes:

ITALY, Papal (Papal State). Gregory XV. 1621-1623. AR Testone (27mm, 9.65 g, 2h). Rome mint. Coat-of-arms surmounted by crossed keys and Papal tiara / Virgin standing facing on crescent, head left, within glory of rays; stars around head; segno to right. MIR 1622/4; Muntoni 12; Berman 1648; KM 100. Toned, minor marks. VF.

From the Peter Napoli Collection.