Watch List notes:

Italian States, Stato Pontificio (Papal States). Pius V AR Mezzo Grosso (Pieron). Avignon mint, 1566-1572. • PIVS • P P • QVINTVS •, the pope seated facing, wearing papal crown and robes, raising hand in benediction and holding long cross with double crossbar / CARO • C • DE • BORBON • L • AV, large cross, with crossed keys in each quarter. MIR 1102/1; Muntoni 41; Berman 1132. 1.04g, 20mm.

Good Fine.