Watch List notes:

Popayan, Colombia, silver 4R-sized proclamation medal, Ferdinand VII, 1808, NGC AU 53, finest and only example in NGC census. Restrepo-22 (p. 130); Fonrobert-8218; Herrera-49; Medina-344. 32mm; 9.98 grams. Obverse with armored bust of Charles IV [sic] flanked by TIBI and FIDES above ET AMOR* within legend PREDILECTUS HISP [rosette]ET IND [rosette] REX [radiant rosette] FERDINANDUS VII [rosette]; reverse with mountains and city within legend [rosette] PROCLAMATUS [rosette] IN [rosette] CIVIT [rosette] POPAIENENSI [rosette]. Sharp details, deeply toned with traces of luster, oversized flan for the design. Pedigreed to the Santander Collection (stated on label). NGC #4744795-001. The Santander Collection of Colombian Proclamation Medals

Estimate: $300-450