Watch List notes:

ITALY, Papal (Papal state). Paul V. 1605-1621. Cast Æ Medal (59mm, 67.96 g, 12h). On the Reconstruction of the Porto di Fano. By Paolo Sanquirico. Dated 1613 (in Roman numerals). PAVLVS V BVRGHESIVS RO PONT MAX A D MDCXIII P IX, bust right, wearing camauro, mozzetta, and pallium; PAVL SANQVIR below bust; triangular stops / + PORTV BVRGHESIO A FVNDAMET EXTRVCTO, view of the new docks with fortification; COL IVL/FANESTRIS in two lines above; triangular stops in legends. CNORP IV 1072. Brown surfaces, some green deposits, marks, smoothing, edge marks. Good VF. Rare.

From the J. Eric Engstrom Collection.