Watch List notes:

Italian States, Stato Pontificio (Papal States). Pius V AR Bianco. Bologna mint, 1566-1572. Paolo Canonici, mintmaster. PIVS • IIIII • PONT • MAX, bare-headed bust to right, wearing embroidered cope with clasp of head of the Redeemer / BONONIA • MATER • STVDIORVM •, lion rampant to left, holding vexillum. MIR 1105/1; Muntoni 49; Berman 1116. 4.87g, 31mm, 12h.

Very Fine; pleasant old cabinet tone.