Watch List notes:

COLOMBIA: Estado de Cartagena, 1811-1815, AE 2 reales, 1814, KM-D1, Cr-93, Restrepo-136-3a, pre-republican Cartagena issue, normal 4, uneven strike (about 30% poorly struck), Crude VF, R. We can find only one specimen with Normal 4 being sold at auction in recent years, the Dana Roberts piece in similar condition, with a slightly better strike, whch sold for $2530 in April 2011 (Heritage Sale 3014, Lot 25584).

Estimate: 1,000-1,500 USD