Watch List notes:

Italian States, Stato Pontificio (Papal States). Pius VI Æ Madonnina da 5 Baiocchi. Civitavecchia mint, 1797. Tommaso Mercandetti, die engraver. PIVS PAPA SEXTVS ANNO XXIII, denomination in four lines; date below / SANCTA DEI GENETRIX, veiled and nimbate bust of the Blessed Virgin to left; die engraver's initials below. MIR 2899/1; Muntoni 304; Berman 3087. 12.49g, 31mm, 12h.

Very Fine.