Watch List notes:

ITALY, Papal (Papal State). First Roman Republic. 1798-1799. CU 2 Baiocchi (36mm, 15.15 g, 12h). Rome mint. Struck 1799. Fasces surmounted by Liberty cap / Denomination in three lines within wreath. Muntoni 14; Berman 3162; KM 7.1. Brown surfaces, irregular flan. VF.

From the Peter Napoli Collection.