Italy
Papal States. Fano 5 Baiocchi Anno XXIII (1797) AU55 Brown NGC, KM2, B-3089. City Emergency Coinage Issue (Fano). A very scarce city issue, centrally struck from apparently rusted dies, resulting in granularity throughout the surfaces. Though a crude type, the designs appear relatively full in context, with a pleasing brassy hue contrasting against a pervasive mahogany tone. A rare opportunity to procure the sole example of the type certified by NGC to date!
https://coins.ha.com/itm/italy/papal-states-fano/italy-papal-states-fano-5-baiocchi-anno-xxiii-1797-au55-brown-ngc-/a/3098-34039.s?type=DA-DMC-CoinArchives-WorldCoins-3098-01182022
HID02906262019
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Estimate: 1600-2400 USD