Watch List notes:

ITALY. Papal States. Alexander VI (Rodrigo Borgia), 1492-1503. Grosso (Silver, 26.5 mm, 3.21 g, 6 h), Rome. ºALEXANDERº - ºVIº PONTº MAXº Tiara and crossed keys over shield bearing the Borgia arms; all within quatrefoil. Rev. ºS ºPAVLVSº - º•S•º - ºPETRVSº /✿/ ºROMAº Sts. Paul and Peter standing facing. Berman 532. CNI 49. Muntoni 16. Very attractively toned, an unusually nice example. Nearly extremely fine.
From the Dr. Pelc Dens Sapientiae Collection, ex Münzen & Medaillen (DE) 26, 27 May 2008, 73.