Watch List notes:

Italian States, Stato Pontificio (Papal States). Gregory XVI AR 20 Baiocchi. Bologna mint, 1841. Niccolo Cerbara, die engraver. GREGOR• XVI • PON • M • A • XI, bust to left, wearing zucchetto, mozzetta and embroidered stole; mintmark and die-engraver's initials below / Denomination and date in three lines; all within laurel wreath. MIR 3107/14; Muntoni 31d; Berman 3228. 5.36g, 23mm, 6h.

Near Extremely Fine.