Watch List notes:

San Salvador, El Salvador (under Spanish Guatemala), silver 1R-sized proclamation medal, Ferdinand VII, 1808. Fonrobert-7464; Herrera-76; Medina-378; Grove-F179. Choice grade for the issue (essentially Mint State), with light toning over ample luster, spot of extra metal on last I of ordinal (as made), a few faint hairlines on obverse but no more than typical.

Estimate: $200 - $300