Brazil
Pedro II gold Paraguayan War Medal 1866, Fonrobert-8731, Cavalcanti-87, Choice UNC. 14mm/3.06gms. An extremely rare gold medal of military influence that was struck in 1866 towards the beginning of Brazil's heavy army and naval participation in the Paraguayan War. The war, one of the most devastating in modern history, took an estimated 390,000 lives and resulted in parcels of land being taken from Paraguay and ceded to Argentina and Brazil. A most-important piece and a certain treasure for the specialist.
Estimate: 4000-5000 USD