Watch List notes:

Caracas, Venezuela, 1/4 real, 1822, variety with no V, no crossbar in denomination, 12 large rays and 12 medium rays (all short-pointed), rare. KM-C31; Stohr-13. 0.46 gram. Crude XF with traces of luster, nice toning, off-center strike, tiny hole near edge.

Estimate: $500