Watch List notes:

Italian States, Stato Pontificio (Papal States). Gregory XV Æ Quattrino. Rome mint, 1621-1623. GREGORIVS • XV • PONT • M •, coat-of-arms in volute frame, surmounted by crossed keys with hanging cords and triple crown / SVB • TVVM • PRAESIDIVM, the Blessed Virgin standing facing on crescent and cloud, hands in prayer, stars around head, within radiant nimbus; ROMA in exergue. MIR 1632/1; Muntoni 28; Berman 1656. 3.21g, 22mm, 10h.

Near Very Fine.