Watch List notes:

Italian States, Stato Pontificio (Papal States). Pius VI Æ Madonnina da 5 Baiocchi. Tivoli 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 3020/1; Muntoni 423; Berman 3151. 14.61g, 32mm, 12h.

Near Very Fine. Very Rare.