Venezuela
Maracaibo. Ferdinand VII copper 1/4 Real ND (1813) XF45 NGC, Maracaibo mint (presumably). A crudely produced type, with even chocolate-brown color and very little discernable wear over minimally marked surfaces. A far lesser specimen certified F12 PCGS hammered for $2,000 in our CICF 2015 Signature Sale (Heritage Auctions 4/2015, lot 30704).
Estimate: 4000-5000 USD