Watch List notes:

ITALY. Papal States. Alexander IV (Rinaldo di Jenne), 1254-1261. Seal or Bulla (Lead, 36 mm, 37.87 g, 12 h), Rome. S PA S PE Nimbate facing heads of St. Paul, bald and with a long, linear beard, on the left and St. Peter, with curly hair and beard composed of pellets, on the right; between them, Latin cross on a long staff and base; all within a circular, dotted border . Rev. ALE/XANDER/ •PP• IIII• in three lines, the whole within simple circular dotted border. Serafini 1-6. Well centered. Old scrape on the reverse, otherwise, good very fine.
From the Dr. Pelc Dens Sapientiae Collection, USA.