Watch List notes:

♦Italian States, Kingdom of Naples, Philip II of Spain (1554-1598), Hammered Silver Carlino, obv. PHILIPP REX .ARA.VT. around crowned & draped bust left, initials of mintmaster (Germano Ravaschieri) & trial master (Vincenzo Porzio) in field to right of bust, rev. FIDEI/DEFEN/SOR in three lines, cross fourchée with pellets in angles above, all within wreath; Naples Mint, 22mm, 2.94g; portrait very slightly double-struck o/wise full, round flan with good detail both sides, scarce VF or+
(Estimate: 80 - 120 GBP)