Watch List notes:

Philippines (First Republic), bronze medal, 1899, President Aguinaldo / Malolos Constitution Proclamation, very rare. Honeycutt-62. 10.37 grams; 28mm. Obverse with bust of Emilio Aguinaldo above PROCLAMADA ENERO / 18 MALOLOS 99, with REPUBLICA to left and FILIPINA to right; reverse with LOS / HERUES / FILIPINA inside wreath. Matte-brassy AU with traces of bright luster around details. The First Philippine Republic, with Aguinaldo as president, was established on January 21, 1899, at Malolos, Bulacan, succeeding the previous Revolutionary Government of the Philippines and lasting until 1901, while actually under sovereignty by the United States.

Estimate: $200 - $300