Watch List notes:

Italian States, Stato Pontificio (Papal States). Paul III AR Giulio. Macerata mint, 1534-1546. Mazzeo Mazzei, mintmaster. • PAVLVS • III • PONT • MAX •, volute Farnese coat-of-arms surmounted by crossed keys and triple crown / S • PAVLVS • MACER •, St. Paul, nimbate, standing facing, head to left, holding sword and book; three clubs (mintmaster's mark) to right, coat-of-arms of Cardinal Miguel da Silva to lower left, city coat-of-arms to lower right. MIR 926/1; Muntoni 144; Berman 949a. 3.29g, 29mm, 2h.

Near Very Fine; wavy flan.