Watch List notes:

Brazil, 1/4-cut "balastraca" (1864-70) cut from a Madrid, Spain, bust 2 reales, with countermark "100" (100 reis) on obverse, rare. 1.26 grams. Bold and deep countermark and sharply serrated edge (11 teeth), the host coin a bit worn (Fine) but with clear mintmark and nicely toned, an emergency coinage created during Brazil's war with Argentina and Uruguay (the "Triple Alliance") against Paraguay.

Estimate: $500 - 750