Watch List notes:

Guatemala, 1 real proclamation medal, Ferdinand VII, 1808-PGA, FERDIN variety, NGC MS 62, finest and only example in NGC census. Cal-545; Medina-296; Grove-F60 var; Herrera-16 var. 3.29 grams. Highly lustrous and well struck, with flan bulge bottom left of bust and perhaps a little high-point wear on reverse, overall exceptional for a piece that is usually found worn and holed. It is interesting to note that both Herrera and Grove list this issue with just the initials PG and not PGA (for engraver Pedro Garcia Aguirre) below the bust, which Medina says was because Herrera's was simply a defective example, but we suspect the truth is that this is actually a different variety. In any case it comes from a series of proclamation medals struck for the Real Pontificia Universidad de San Carlos (now known as the Universidad de San Carlos de Guatemala, the largest and oldest university of Guatemala) at a time when the region was under New Spain (Mexico).
($1000-1500)