Watch List notes:

ITALY, Papal (Papal State). Pius IX. 1846-1878. CU 5 Baiocchi (41mm, 40.02 g, 6h). Scudo coinage. Rome mint. Dually dated RY 5 and 1851 R. Coat-of-arms surmounted by crossed keys and Papal tiara / Denomination and date in three lines within wreath. Muntoni 27a; Berman 3322; KM 1356. Brown surfaces, areas of waek strike, a few scratches, rim bumps. VF.

From the Peter Napoli Collection.