Watch List notes:

ITALY, Papal (Papal state). Anonymous issues. Late 14th-15th centuries. AV Ducato (21mm, 3.53 g, 6h). Rome mint. Struck in the name of the Roman Senate 1350-1439. St. Peter standing right, presenting banner to senator kneeling left; rosette and P below / Christ standing facing, holding gospel in left hand and raising right in benediction, within mandorla containing nine stars; volto Santo to upper left, pellet to upper right. MIR 179/23; Muntoni 129; Friedberg 2. VF.

Ex Stack's Bowers & Ponterio 172 (15 November 2012), lot 12196.