Watch List notes:

Lima, Peru, silver medal, 1878, Lima Tramways, NGC MS 64, ex-Cotoca Collection (stated on label). Rulau-LIM-130. 24.98 grams. Obverse: tram carriage on track at center, TRAMWAYS / DE LIMA with florettes dividing; reverse: INAUGURACION in raised text with decorations around it, 24 DE MARZO DE 1878 above with decoration below. Dark rainbow toning over somewhat lustrous fields, boldly struck. Pedigreed to the Cotoca Collection. NGC #4686242-005.

Estimate: $300-450