Watch List notes:

ITALY, Naples (Kingdom). Carlo I di Spagna (Carlo V, Sacro Romano Impero). 1516-1554. AV Scudo (23mm, 3.38 g, 10h). Napoli (Naples) mint. Struck 1528-1546. CAROLVS : V : RO : IM ·, double-headed eagle facing, with wings displayed, crowned coat-of-arms on breast; crown above / (castle) : AISPARVM : VTRIVS : SICI : R : R : (double annulet stops), ornate cross fleurée with central pellet; flames in angles; R in fourth quarter. MIR 132/4; Pannuti-Riccio 11c; Friedberg 835. Toned. Near EF.

From the Richard L. Horst Collection, purchased from Pegasi. Ex Triton XVII (7 January 2014), lot 1173; Archer M. Huntington Collection (HSA 1001.1.1613).