Watch List notes:

Italian States, Stato Pontificio (Papal States). Pius V BI Quattrino. Fano mint, 1566-1572. • PIVS • P • P • V, oval coat-of-arms in volute frame, surmounted by crossed keys and triple crown / S • PATERNIANI • FANI •, St. Paternian standing facing, holding mitre. MIR 1111/1; Muntoni 55; Berman 1122. 0.44g, 17mm, 11h.

Good Very Fine.