Watch List notes:

ITALY. Papal States. Lucius III (Ubaldo Allucingoli), 1181-1185. Seal or Bulla (Lead, 39 mm, 37.72 g, 4 h), Rome. S PA S PE Nimbate facing heads of St. Paul, bald and with a long, linear beard, on the left and St. Peter, with curly hair and beard composed of pellets, on the right; between them, Latin cross on a long staff and base; all within a circular, dotted border . Rev. LV/CIVS/ PP• III• in three lines, the whole within simple round dotted border. Cf. Serafini 1-3. Possibly a contemporary imitation privately produced. Flan fault, otherwise, good very fine.

From the Dr. Pelc Dens Sapientiae Collection, USA.