Watch List notes:

Quito, Ecuador, 1 real, 1837FP, transposed legends, rare, encapsulated NGC AU 58, with WINGS silver sticker, finest known in NGC census, ex-Alfredo Karger (stated inside slab). Lightly toned and boldly struck, with traces of muted luster under a modicum of tiny marks, rare condition for this rare subtype with the legends transposed relative to the denomination and date, clearly less worn and better detailed than others offered in the last decade. Pedigreed to the Alfredo Karger collection (Almanzar, ca. 1966).

Estimate: $1250 - 2000