Watch List notes:

Italian States, Stato Pontificio (Papal States). Gregory XIII AR Mezzo Grosso. Rome mint, 1572-1585. Guglielmo Tronci, mintmaster. GREG • XIII • PONT • M •, oval coat-of-arms, globe above, fleur-de-lis below, surmounted by crossed keys and triple crown / (mintmaster's mark) EGO • SVM • LVX • MVNDI, nimbate and draped bust of the Redeemer to left. MIR 1179/2; Muntoni 152; Berman 1198. 0.89g, 18mm, 6h.

About Good Very Fine; twice pierced. Extremely Rare; seemingly no other examples on CoinArchives.