Watch List notes:

Santiago, Chile, 1 peso proclamation medal, 1925, new Constitution. 24.97 grams, the box 2-1/2". Obverse with Chilean arms, just like for late-1800s pesos but with Santiago mintmark instead of date at bottom and with legend POR LA RAZON O LA FUERZA; reverse with radiant star above PROMULGADA / EL / 18 DE SETIEMBRE / DE 1925 within legend CONSTITUCION POLITICA / DE LA REPUBLICA DE CHILE with dots to sides. Same weight and size as peso, struck to commemorate the new Constitution adopted on September 18, 1925. Choice UNC with original mint luster and gold toning, minting error on obverse with a slightly rotated second strike. Housed in original leather box of issue.
($200-$300)