Watch List notes:

Lima, Peru, 4R-sized silver medal, 1754, Academy of San Marcos, rare. Fonrobert-8907. 12.14 grams. Obverse with shield surmounted by cherub's head bearing a six-point star, crown and SM in cartouche, legend around; reverse with letter R and date below. AU with some scratches but nicely toned. The Academy of San Marcos, now the National University of San Marcos, is the oldest officially established and recognized university in the New World, having been founded by royal decree on May 12, 1551. This medal comes in two varieties, one with an A on the reverse and this type with an R. (Estimate: $500 - 750)