Watch List notes:

Potosi, Bolivia, oval silver military decoration, 1865, Melgarejo, ex-Derman, rare. Fonrobert-9673. 28.01 grams, 44 x 36mm. Obverse with bust of Melgarejo, legend EL JENERAL MELGAREJO AL VALOR Y LEALTAD / DE LOS DEFENSORES DE / LA CAUSA DE DICIEMBRE / 1865; reverse with campaign dates DI[CIEM]BRE 28 / ENERO 31 / MARZO 27 / SET[IEM]BRE 5 inside laurel wreath below eye-in-pyramid and rays. Deeply toned VF with a few minor marks here and there, slightly crude rims. Pedigreed to the Alberto "Coco" Derman collection (Cayon auction of December 2008, lot #546) and to our Auction #12 (lot #1709).

Estimate: $400 - 600