Watch List notes:

ITALY. Papal States. Gregory XVI (Bartolomeo Alberto Cappellari), 1831-1846. Scudo (Silver, 37 mm, 26.84 g, 6 h), reformed coinage, Rome, Anno XI = 1841. GREGORIVS · XVI - PON · M · AN · XI / CERBARA / R. Capped bust of Gregory XVI to left, wearing stola. Rev. SCVDO / 1841 in two lines within olive wreath. Berman 3285. Muntoni 7g. Good extremely fine.

From the Dr. Pelc Dens Sapientiae Collection, USA.