Watch List notes:

Argentine Confederation (struck in Birmingham, England), copper 4 centavos, 1854, ex-Derman. 20.07 grams. Bold XF+ with minimal wear, one-year type with popular radiant sunface, a large copper issue that normally has damaged fields and rims, but not in this case. Pedigreed to the Alberto "Coco" Derman collection.

Estimate: $150 - 225