Watch List notes:

Caracas, Venezuela, 1 real, 1820BS, Ferdinand VII, F-7 flanking cross, castles at top right and bottom left, rare. KM-unl. (cf. C5.2). 2.30 grams. Toned VF with flan-bulge to right of waves and hole at bottom, much scarcer than the 2R of this popular series. Note KM lists this issue with castles at top left and bottom right (only).

Estimate: $1000