Watch List notes:

CHILE: Carlos IV, 1788-1808, AR medal (26.94g), 1789, Herrara-130, Medina-146, 43mm silver proclamation for Los Indios Araucanos (Araucanian Indians) by Naxaual Incidit, 8 reales module, bare bust of Carlos IV with hair tied back and "1789" in exergue with CAROLUS IC. HISPANIARUM. ET IND. IMPERAT. AUGUST.(floret) AROUND // scene of two natives with weapons and rhea behind with OMNIBUS CLEMENS / NAZAUAL INCIDET. in exergue and HIFINIUS PRAEFECT.CHIL.PROCLAMAVIT IMPERIUM.ET OBTULIT HOMAG.POPUL.AUST.(floret) around, small area of oxidation at right obverse, crudely reeded edge, Choice EF. The Araucanian Indians fought the Spanish for over two centuries. They finally signed two treaties with Spain where the Spanish recognized the independence of Araucanian territory. The hostilities were rekindled after Chile won its independence from Spain in 1818.

Estimate: 1,500-1,700 USD