Watch List notes:

Bogota, Colombia, silver proclamation medal, Louis I, 1724, very rare, NGC AU 58, finest and only example in NGC census. Restrepo-p. 100; Medina-11; Betts-154. 8mm; 3.34 grams. Obverse with left-facing bust of king within legend LVDVSICVS [sic] I D G; reverse with eagle with wings spread (arms of the city of Santa Fe de Bogota) inside legend HISPANIARVM REX .724. This piece has significance on many levels: First, it is considered the first proclamation medal struck in Colombia; second, it is one of the first hand-struck (as opposed to cast) medals of the Americas; and (above all) it is so rare that only three examples are known, the others (both plated in Restrepo) being the John Adams specimen sold by Stack's Bowers in 2015 and the Vidal Quadras y Ramon specimen (published with illustration by Medina in 1917 and clearly the same piece described by Betts in 1894). The present specimen, the only one of the three certified and graded, exhibits lovely contrasting toning on virtually as-struck surfaces, with the interior details very bold and most of the legends clear, quite reminiscent of silver cobs being made at the time. For comparison, the Adams specimen, which was holed, sold for $4500 plus the buyer's fee in 2015. Pedigreed to the Santander Collection (stated on label). NGC #4743181-006. The Santander Collection of Colombian Proclamation Medals

Estimate: $5000-10000