Watch List notes:

Potosi, Bolivia, 1/2 melgarejo, 1865, PCGS AU55. Burnett-96B4; Fonrobert-9688. Obverse with AL / VALOR / Y / TALENTO above arc of nine stars within legend CANTERIA DE POTOSI SETIEMBRE 5 DE 1865 [five-point star]; reverse with conjoined busts of Melgarejo and Munoz with names to left and right within legend A LOS PACIFICADORES DE BOLIVIA [five-point star]; reeded edge. Faint luster, no toning, some weak strike at rims. (Slab label references Burnett 96A4 in error.) PCGS #32906230. The Whittier Collection of Bolivian Monetary Medals

Estimate: $150-225