Watch List notes:

GERMANY. AR Medal (34mm, 14.94 g). Early Satirical Anti-Catholic issue. By an uncertain medallist. Cast mid-late 16th century. · ECCLESIA PERVERSA FACIES DIAVOLI :· , bust of the Pope left, wearing tiara, inverting to horned head of the devil right / * SAPIENTES QVNADOO DEMENTES, head of a cardinal left, wearing flat cap, inverting to head of a jester right, wearing jester's cap; uncertain letter to left. Mitchiner, Jetons 3025-6 var. (rev. legend and letter). Toned, chased and tooled as made. VF.