Watch List notes:

Jerez de la Frontera, Spain, 2R-sized proclamation medal, Charles IV, 1789, NGC MS 62, finest known in NGC census, ex-Prieto.Herrera-53.6.48 grams, 26mm.Obverse with bust right, legend CAROL . IV . D . G . HISP . ET IND . R ., date between six-petal flowers at bottom; reverse with oval arms between leaves and flowers top and bottom, legend [flower] ACCLAMATIO XERICIENSIS [flower]; linked-chain borders on both sides (plain edge). Rather lustrous and very lightly toned, rare in this conditionPedigreed to the Tomas Prieto collection (stated on label).
($350-500)