Number 25 of El Sitio, the electronic magazine of the Instituto Uruguayo de Numismatica, corresponds to the December 2017 edition and has 30 pages containing two featurearticles plus the usual information and news sections.

The first article, by Horacio Morero Ferrero, is part of a series on "Identifying ranch tokens", and concentrates on shearing tokens from Estancia Los Merinos, a large sheep ranchestablished in 1863 and owned by the British-controlled River Plate Company.

The second numismatic article, by Hugo Mancebo Decaux, deals with the Prizes awarded by the Mercantile College of the Consulate of Montevideo between 1829 and 1838, and in particular themedals for academic merit given the year 1831.

A complete account of the "Jornadas Uruguayas de Numismatica 2017" is given in the information section. This Numismatic Convention was held at the Holiday Inn Hotel, in Montevideo, Uruguay, onOctober 13th, 14th and 15th 2017 and was very well attended. Also, an exhibition of Montevideo Jockey Club medals held at the Maronas racing course is reported and two new numismatic publications arereviewed, a booklet on identifying Macuquina silver pieces by Juan Manuel Trejo, and a new issue of the Revista Numismatica magazine, edited by Nicolas Santerini.

The complete issue can be viewed online (in Spanish) here: http://iunuy.org/flop01/wp-content/uploads/elsitio/ElSitioNº25.pdf