Watch List notes:

Italian States, Stato Pontificio (Papal States). Pius VI AR Mezzo Scudo. Bologna mint, 1778. Filippo Balugani, die-engraver. PIVS • VI • PONT • MAX • AN • IIII, coat-of-arms in volute frame, shell below, surmounted by crossed keys and triple crown; date below / S • PETRONIVS • BONONIÆ • PROT, St. Petronius, wearing mitre, seated to left on clouds, raising hand in benediction and holding crosier, looking up at rays from above on left; coat-of-arms of Card. Boncompagni and of the city, surmounted by lion's head, below, date below, die-engraver's initials to lower left. MIR 2828/3; Muntoni 206; Berman 3044. 13.04g, 36mm, 12h.

Very Fine; ex mount(?), marks at 1h. Rare.