Watch List notes:

ITALY, Papal (Papal state). Nicholas. 858-867. AR Denaro (18mm, 1.02 g, 7h). nomine Louis II, Holy Roman emperor. Rome mint. NICOLAVS monogram / ROMA monogram. MIR 44/1; Muntoni 1; Berman 32; MEC 1, 1049 var. (pellet to left of monogram). Toned, creased, ragged flan. Near VF. Rare.