Watch List notes:

ITALY, Papal (Papal State). Pius VI. 1775-1799. CU Baiocco (33mm, 10.26 g, 1h). Gubbio mint. Dated RY 18 (AD 1793). Coat-of-arms surmounted by crossed keys and Papal tiara / Denomination and mint in three lines. Muntoni 360; Berman 3112; KM 171. Brown surfaces, areas of weak strike, clashed dies. Good VF.

From the Peter Napoli Collection.