Watch List notes:

Italian States, Stato Pontificio (Papal States). Gregory XV Æ Mezzo Bolognino. Ferrara mint, 1623. Tommaso and Agostino Bellegrandi, mintmasters. GREGORIVS • XV • PONT • M •, coat-of-arms in volute frame, surmounted by crossed keys with hanging cords and triple crown; mintmasters' initials across fields / FER RARI Æ in three lines; date in exergue. MIR 1649/2; Muntoni 62a; Berman 1666. 7.43g, 30mm, 1h.

Near Very Fine.