Watch List notes:

ITALY, Papal (Papal State). Pius IV. 1559-1565. Cast Æ Medal (31mm, 13.04 g, 12h). After an original obverse by Gianfederico Bonzagni, and reverse by Alessandro Cesati "il Grechetto". Cast circa 18th-19th century. · PIVS · IIII · PONTIFEX · MAX, bust right, wearing mantum / INSTAVRA TA, aerial view of the Castel Sant'Angelo (Hadrian's Tomb) and the surrounding fortifications; tick stops. CNORP III 525. Brown surfaces, fields chased, edge marks. EF. Rare.

From the Peter Napoli Collection.