Watch List notes:

Peru, gold medal, 1925, Tacna-Arica dispute, plain edge, encapsulated NGC Almost Uncirculated (old holder), ex-Eliasberg (stated inside slab). 4.03 grams, 18mm. Obverse with Morro of Arica below RECUPERAD EL MORRO, A. B. LEGUIA [engraver], with 20 JULIO 1925 at bottom; reverse with JUNTA PATRIOTICA NACIONAL. Lustrous orange gold with minor marks but practically no wear. Issued by the National League of Patriots in the hope of a more favorable settlement of the Arica border dispute with Chile, a dispute that was settled in 1929. Desirable pedigree. Pedigreed to the Eliasberg Collection (ANR, April 2005, lot 3598) and the Col. James W. Flanagan Collection (Stack's, March 1944, lot 583).

Estimate: $750 - 1100