Watch List notes:

ITALY, Papal (Papal state). Alexander III. 1159-1181. PB Seal – Bulla (37mm, 48.71 g, 12h). Bare heads of Sts. Paul and Peter, facing slightly right and left, respectively, each within beaded halo; cruciform scepter between: S PA S PE above / ALEX/ANDER/ • PP • III • (Ω over PP). Serafini 1-4. Pale brown surfaces, crease on obverse, a few scrapes. VF.