Watch List notes:

ITALY. Papal States. Pius VII (Gregorio Chiaramonti), 1800-1823. Scudo (Silver, 39.5 mm, 26.15 g, 12 h), Bologna, Anno XVII = 1816. PIVS VII · - P · M · A · XVII Arms surmounted by crossed keys and tiara. Rev. AVXILIVM - DE - SANCTO / · 1816 · B · (TM) · Personification of the Catholic Church seated on cloud. Edge. * IN TERRA PAX. Berman 3223. Muntoni 37. Lightly toned. Very fine.

From the Dr. Pelc Dens Sapientiae Collection, USA.