210, Lot: 472. Estimate $150. Sold for $551. This amount does not include the buyer’s fee.

ITALY, Papal Bullae. Clement XII (Lorenzo Corsini). 1730-1740. PB Bulla (42mm, 54.33 g, 12h). (Radiate cross)/CLE :/MENS/PAPA/XII · in five lines; all within linear-beaded border / Bare heads of Sts. Paul and Peter, facing slightly right and left, respectively, each within halo; [S]/S and [P]/P above, long cross between; all within linear-beaded border. Serafini III 542-5. Good VF, yellow chord still intact.

From the Luparello Collection.

One of the oldest men to be elected Pope at the age of 78, Clement XII was given the task of undoing the economic ruin which had been created during the office of his predecessor, Benedict XIII, and his delegate, Niccolò Coscia. This economic reformation included the restoration of the lottery, the issuance of paper money, and the reduction of the weights of minor silver coinage. The financial success of these acts enabled him to commission many public improvements.