Watch List notes:

ECUADOR: Republic, AR 5 francos, 1858, KM-39, assayer GJ, mintage unrecorded, but surviving documents suggest a possible total mintage of just over 14,000 pieces, of which few have survived, NGC graded AU58, R. Designed by the Ecuadorian artist Emilia Rivadaneira, indicated by "E.R." below bust.

Estimate: 2,750- 3,250 USD