Watch List notes:

Railways, Argentina, the Buenos Aires Provincial Railway, legislation passed 1904 and concession granted to C. de Bruyny and R. Otamendi; Work commenced 1906, silvered-bronze medal, by J. Gottuzzo, cherub leads Mercury seated on a winged railway chariot, rev. legend in 11 lines, 53mm., extremely fine
*ex. Captain E. W. Swan collection, Glendining / Baldwin, 17 April 1986 (lot 356).

Estimate: 60 - 80 GBP