Watch List notes:

Caracas, Venezuela, 1/4 real, 1822, variety with no crossbar in denomination, 8 fat rays and 16 medium rays (short-pointed), Z/?, very rare. KM-C31; Stohr-13. 0.45 gram. Deeply rainbow-toned VF+, very slightly off-center. Pedigreed to our Auction #11 (lot #1387).

Estimate: $1750