Watch List notes:

ITALIAN STATES / PAPAL STATES (ROMA): 1 Ducat (ND 1350-1439) in gold, issued by the senate of Rome in imitation of a Venetian Zecchino while the Pope fled to Avignon. St Mark presenting staff with cross on left and kneeling Doge at right on obverse. Christ in beaded ellipse lined with stars on reverse. Very Fine.