Watch List notes:

Potosi, Bolivia, 1/4 melgarejo, 1865, PCGS MS63. Burnett-unl (as 97 but with unl rev variety); Fonrobert-unl. 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. Traces of toning over luster in legends, with weak center on obverse (also some hairlines) and heavy die-clashing in legends on reverse. PCGS #32906236. The Whittier Collection of Bolivian Monetary Medals

Estimate: $200-300