Watch List notes:

Cartagena, Colombia, silver 4R-sized proclamation medal, Charles IV, 1789, coin axis (rare), NGC AU 58, finest known in NGC census. Restrepo-p. 121; Herrera-126; Medina-138. 33mm. Obverse with armored bust of Charles III [sic] within legend CAROL.IV.D.G. HISP.ET IND.R. with Maltese cross at bottom (same die as Bogota issues); reverse with crowned cross supported by lions within legend PROCLAMATUS * CARTAG * IND * with date *1789* below monogram (Camargo?) in exergue. Choice deep toning over muted luster, same tiny spots of extra metal on obverse as on previous lot and die-crack on PROCLA on reverse, coin-axis alignment not noted on label nor in previous sales (potentially quite rare). Pedigreed to the Santander Collection (stated on label). NGC #4743181-003. The Santander Collection of Colombian Proclamation Medals

Estimate: $800-1200