Watch List notes:

Italian States, Stato Pontificio (Papal States). Pius VI Æ Madonnina da 5 Baiocchi. Rome mint, 1797. Tommaso Mercandetti, die engraver. PIVS PAPA SEXTVS ANNO XXIII, denomination in three lines; date below / SANCTA DEI GENETRIX, veiled and nimbate bust of the Blessed Virgin to left; die engraver's initials below. MIR 2798/1; Muntoni 94; Berman 2987. 13.39g, 33mm, 12h.

Near Extremely Fine; wavy flan.