Pagani and Mistruzzi are well known designers of Vatican and Italian coins and medals of the mid 20th Century.
This is a privately issued religious or souvenir medal basically of the same type as that illustrated by twokopeiki's ebay bin piece. These are typically silver plated, but your piece has two "800" marks in oval punches on reverse suggesting that it is 800 fine.
While I don't collect these, I do run across them from time to time and the $15- for the ebay piece seems quite high given the wear and the fact it is base medal. If your piece is indeed silver, then scrap value to $10/12 might be an ok retail range.
Always interested in St Louis MO & IL metro area and Evansville IN national bank notes and Vatican/papal states coins and medals!
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I wasn't able to find more info
8 Reales Madness Collection
Here are some larger pics:
This is a privately issued religious or souvenir medal basically of the same type as that illustrated by twokopeiki's ebay bin piece. These are typically silver plated, but your piece has two "800" marks in oval punches on reverse suggesting that it is 800 fine.
While I don't collect these, I do run across them from time to time and the $15- for the ebay piece seems quite high given the wear and the fact it is base medal. If your piece is indeed silver, then scrap value to $10/12 might be an ok retail range.