Watch List notes:

MEDALS. 1869 Transcontinental Railroad AR Medal. (45mm, 12h). Philadelphia mint. Engraved by William Barber. Struck after mid November 1869. PRESIDENCY OF U.S. GRANT, bare head of Grant right; in exergue, THE OCEANS UNITED/BY RAILWAY/MAY 10, 1869. in three lines / Mountainous landscape with train (engine, coal tender, and two cars) traveling to right; above in scroll, EVERY MOUNTAIN SHALL BE MADE LOW, clouds in background; in exergue, W. BARBER F./MEDAL SERIES OF THE/U.S. MINT/J. POLLOCK DIRECTOR in four lines. Julian CM-39b; HK 12A. Deeply toned. In NGC encapsulation 2119435-017, graded MS 62. Very rare, only 126 struck in silver.