Watch List notes:

Italian States, Stato Pontificio (Papal States). Paul V Æ Mezzo Baiocco. Rome mint, 1605-1621. PAVLVS • V • P • MAX • A • XII, coat-of-arms, surmounted by crossed keys with double cords and triple crown / Denomination and date in three lines within wreath; mintmaster's initials below. MIR 1565/4; Muntoni 138; Berman 1582. 8.68g, 28mm, 12h.

Very Fine. Very Rare.