Watch List notes:

Guatemala, 8R-sized silver proclamation medal, Ferdinand VII, 1809, to the people of Guatemala, very rare.Herrera-21; Medina-303; Grove-F66a.41mm; 26.50 grams.Obverse with laureate bust of king over a pedestal with friar kneeling at left under legend VIVA . FERNANDO . VII . REY . DE . ESP . E . IND . with ANO DE 1809 . in exergue; reverse with A LA FIEL / GENEROSIDAD / DE LOS INDIOS / DEL REYNO DE / GUATEMA *. An impressive piece struck in Mexico City for loyal citizens in Guatemala (using their own silver!), not the holed example pictured in Medina and Herrera and described by the latter in 1882 as "unico ejemplar que conocemos" but one of a handful of unholed examples published since then, lustrous and well struck, with faint traces of light rainbow toning, AU with minor nicks and marks and striations on surfaces and edge.
($2000-3000)