CNG 106, Lot: 1046. Estimate $2000. Sold for $2500. This amount does not include the buyer’s fee.

ITALY, Papale (Stato pontificio). Pius III. 1503. AR Medal (45mm, 47.87 g, 12h). By G. Paladino. Dated 1503 (in Roman numerals, though an original strike from 1600). * M D III PIVS * III * PONT * MAX *, bust left, wearing mantum / SVB · VMBRA · ALARVM · TVARVM ·, Pius enthroned left, raising hand in benediction; throne flanked by two cardinals; before, Cesare Borgia kneeling right, hat and banner at feet. Mazio 31; Lincoln 420 (bronze). Good VF. Very rare original strike.

From the RAJ Collection. Ex World-Wide Coins of California (James F. Elmen) XXIV (18 November 1993), lot 262.

The reverse of this medal depicts Cesare Borgia, son of the previous pope Alexander VI, begging Pius for protection from his enemies, the Orsini family.