Purchased around 1990 at an Indian jewelry specialty store. Used as an overbelt for about 1-2 years, and then stored in a closet. All 13 conchos are made from Morgan silver dollars issued in 1921. * One concho (marked with a red circle in the photo) has a deeper decorative engraving of the letter "R" (photo 3). Purchase price: ¥130,000 Please check the photos for any scratches, etc.