Watch List notes:

ITALY, Papal (Papal state). Second Roman Republic. 1849. CU 3 Baiocchi (38mm, 25.38 g, 6h). Rome mint. Dated 1849. Denomination across field / Eagle standing facing on fasces, head right, with wings spread; all within wreath; R• below. Muntoni 5; Berman 3300; KM 23.1. Brown surfaces, hairline die breaks. Good VF.

From the Sigmund Collection.