Watch List notes:

Italian States, Stato Pontificio (Papal States). Gregory XIII AR Testone. Rome mint, 1572-1585. Meo Neri and Orazio Spadio, mintmasters. GREGORIVS • XIII • PON • M • A • X • (mintmasters' mark), bare-headed bust to left, wearing cope embroidered with figure of St. Peter / • NVNQVAM • DDEFICIET • (sic), Faith standing to right, head facing, holding long vertical cross and tiara; • ROMA • in exergue. MIR 1185/5; Muntoni 46c; Berman 1160. 9.47g, 31mm, 3h.

Near Very Fine; a possible obv. die shift or die engraver's error. Very Rare.