Watch List notes:

Quito, Ecuador, 1 real, 1840MV, rare, encapsulated NGC AU 58, with WINGS silver sticker, finest known in NGC census, ex-Alfredo Karger (stated inside slab). Nice luster and light toning, bold strike with crudely re-punched legends (standard subtype, therefore an excellent companion piece to the previous transposed-legends lot, especially as matching in superior quality). Pedigreed to the Alfredo Karger collection (Almanzar, ca. 1966).

Estimate: $700 - 1000