Watch List notes:

Guanabacoa, Cuba, cast silver 4 reales-sized proclamation medal, Charles IV, 1789, Miguel Nunes, very rare, NGC AU 58.Herrera-140; Medina-160; VQR-13185.8.44 grams; 31mm.The cast silver proclamation medals of Cuba are all very rare and nearly impossible to find in choice, unholed condition like the present piece, with 100% full and bold details and light toning on lustrous surfaces, all with a sharpness that belies its hand-engraved manufacture in Guanabacoa by Miguel Nunes, whose name appears in full in the reverse legend. Medina lists three varieties for this issue (Herrera two, VQR one), and this is the one with the names Miguel Nunes and Guanabacoa spelled correctly; the only other example we can find that sold publicly in the last several years was a holed XF.
($15000-22500)