Watch List notes:

Bogota, Colombia (for Maracaibo, Venezuela), silver uniface 4R-sized proclamation medal die trial, Charles IV, 1789, very rare. Herrera-157; Medina-181. 32mm; 18.04 grams. Design of a ship below crown between Pillars of Hercules above MARACAI / BO within legend FELIX TERRA C V IVS REX NOBILIS EST with date .1789. at bottom. Choice AU+ with light rainbow toning over luster, the blank other side smooth and clean (the obverse of full medal showing bust of Charles III [sic], like the next few lots, yet this trial strike is smaller in diameter), only the second specimen we can trace and significantly absent in Restrepo. Pedigreed to the Santander Collection. The Santander Collection of Colombian Proclamation Medals

Estimate: $7000-10000